Thursday, December 8, 2011

Euro could collapse and Europe unravel

PARIS: The European single currency could break up and Europe itself unravel if political leaders fail to tackle the region's debt crisis, France's minister for European affairs warned Thursday.

"The situation is serious... the euro can explode and Europe unravel", Jean Leonetti told France's Canal Plus television, hours ahead of what is being seen as a crucial European summit on the issue in Brussels.

He said that if possible all 27 members of the European Union should be involved in talks on tackling the debt crisis but that non-eurozone members might have to be excluded.
SOURCE

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