Tuesday's meeting of EU finance ministers appears to have made little progress on the Euro crisis. Greek debt talks are still deadlocked. There is a fundamental disagreement that has developed over whether to focus on economic growth or budget cuts. Italy's Prime Minister has pushed for the Euro zone to put more emphasis on growth: "Prime Minister Mario Monti presented his latest plan to boost Italy’s economic growth in Brussels yesterday as his government began talks with unions on a separate effort to overhaul labor-market rules." (Bloomberg)
From US News: IMF says Europe a drag on Global Growth
Video from WSJ: EU Scrambles to Salvage Crisis Talks
MSNBC: IMF and Germany at odds over how to rescue Europe
This American Life ran an hour-long story on the Europe Crisis by the Planet Money team
Meanwhile, the EU is threatening to freeze funds for Hungary which has recently made changes to the constitution and press freedom that threaten democracy.
On the foreign policy front, the EU put an embargo on oil from Iran.
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