EU Leaders share ideas and concerns in lead-up to EU Summit

It has been a month of bilateral meetings between EU leaders from France and Germany in Spain, Greece, and Italy, while it is looking more likely that Spain will request a bailout and the cost of borrowing has dropped for Spain:
http://money.cnn.com/2012/10/17/investing/european-union-summit/index.html


Francois Hollande sends a warning to Germany's Angela Merkel: http://www.guardian.co.uk/world/2012/oct/17/francois-hollande-angela-merkel-austerity

François Hollande: remarks highlight gulf between Paris and Berlin over how to tackle Europe’s worst ever economic crisis. Photograph: Thierry Zoccolan/AFP

In the latest report from the BBC:
Germany's Schaeuble pushes EU economic union

Germany has called on countries using the euro to take decisive steps to bring about closer fiscal integration.

 

Chancellor Merkel is understood to support the proposal for a powerful budget commissioner

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