Time Running Out? Leaders Hold Desperate Meeting on Euro Crisis

May 23, 2012 from ABC News (Australia)

European leaders are scrambling to find a solution to the Eurozone financial crisis after further falls on the continent's stock markets. An informal meeting held in Brussels has so far failed to produce any concrete results, but pressure is mounting amid growing fears that Greece may leave the euro.

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Eurozone

The eurozone, officially called the euro area, is an economic and monetary union of 17 European Union member states that have adopted the euro as their common currency and sole legal tender. The eurozone currently consists of Austria, Belgium, Cyprus, Estonia, Finland, France,... Explore this topic

European sovereign debt crisis

The European sovereign debt crisis is an ongoing financial crisis that has made it difficult or impossible for some countries in the euro area to repay or re-finance their government debt without the assistance of third parties. In 1992, members of the European Union signed th... Explore this topic

Angela Merkel

Angela Merkel is the current Chancellor of Germany and the head of the political party CDU in Germany. In addition to being the first female German Chanchellor, she is also considered by Forbes magazine to be the most powerful woman in the world. Explore this topic

David Cameron

David William Donald Cameron is the Prime Minister of the United Kingdom, First Lord of the Treasury, Minister for the Civil Service and Leader of the Conservative Party. He represents Witney as its Member of Parliament (MP). Cameron studied Philosophy, Politics and Economics ... Explore this topic

François Hollande

François Gérard Georges Nicolas Hollande is the 24th and current President of France and Co-Prince of Andorra. He was previously the First Secretary of the French Socialist Party from 1997 to 2008, and the Deputy of the National Assembly of France for Corrèze's 1st Constituenc... Explore this topic

Germany

Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in western-central Europe. The country consists of 16 states, and its capital and largest city is Berlin. Germany covers an area of 357,021 square kilometres and has a largely temperate se... Explore this topic

Brussels

Brussels, officially the Brussels Region or Brussels-Capital Region, is the capital of Belgium and the de facto capital of the European Union. It is also the largest urban area in Belgium, comprising 19 municipalities, including the municipality of the City of Brussels, which ... Explore this topic

Euro

The euro is the currency used by the Institutions of the European Union and is the official currency of the eurozone, which consists of 17 of the 27 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxemb... Explore this topic

Greece

Greece, officially the Hellenic Republic, is a country in Southeast Europe. According to the 2011 census, Greece's population is around 11 million. Athens is the nation's capital and largest city, its urban area also including Piraeus. Greece is strategically located at the cr... Explore this topic

European Union

الاتحاد الأوروبي هو جمعية دولية للدول الأوروبية يضم 27 دولة، تأسس بناء على اتفاقية معروفة باسم معاهدة ماسترخت الموقعة عام 1992 م، ولكن العديد من أفكاره موجودة منذ خمسينات القرن الماضي. من أهم مبادئ الاتحاد الأوروبي نقل صلاحيات الدول القومية إلى المؤسسات الدولية الأوروبية. لكن ... Explore this topic

Also See

Eurozone

European sovereign debt crisis

Angela Merkel