Eurozone crisis escalates - Chernobyl - Radioactive ships: Europe Today

Now Playing: Eurozone crisis escalates - Chernobyl - Radioactive ships: Europe Today

Description: Markets face fresh uncertainty over Eurozone debts amid talk of a haircut for holders of Greek bonds bit.ly Barrose pledges to help Ukraine finance a new sarcophagus in Chernobyl bit.ly And the EU sets limits on radiation levels on ships from Japan bit.ly Goodmorning from Brussels, for our a quick overview of today's European policy news headlines. Pressure on financially weak eurozone members is rising sharply again amid growing speculation that Greece will restructure its debt and after a Finnish vote showed mounting public opposition to more bailouts. The German government on Monday indicated that it no longer believes that Greece, which sealed a €110 billion bailout from the EU and IMF a year ago, will make it through the summer without a restructuring. Meanwhile, the European Commission, European Central Bank and International Monetary Fund are meeting Portuguese government officials in Lisbon to set the terms for the EU's third rescue in a year following the deals for Greece and Ireland. The fresh wave of uncertainty that is hitting the financial markets means that interest rates are going up. Here in Belgium, market rates rose to their highest in more than two years. Meanwhile, Ukraine looks to the world today to pledge more funds to help it contain the consequences of history's worst nuclear accident. The EU on Monday committed another €110 million for a new sarcophagus that will seal the damaged reactor at least until the end of the century Leaders from the G8 ...
Tags: News Finland Greece Portugal Germany Euro eurozone news Brussels Added: 05-05-11 Views: (307)