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Wednesday, September 14, 2011

Eurozone debt crisis could rip E.U. apart: officials

Eurozone debt crisis could rip E.U. apart: officials | The Raw Story: "The eurozone debt crisis now threatening banks could destroy six decades of post-war European integration, top EU officials warned on Wednesday.

The dire warning that post World War II Europe risks disaster came shortly after Moody's credit rating agency downgraded two French banks and as financial markets increasingly calculate the domino damage if Greece defaults.

"Europe is in danger," Polish Finance Minister Jacek Rostowski, whose country currently chairs EU meetings, told the European Parliament in Strasbourg ahead of emergency talks between leaders from Germany, France and debt-hit Greece."

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