Eurozone cancels firewall talks on German objections
World BusinessFeb 29, 2012
German reluctance to boost funds to prevent debt contagion pushed the EU on Tuesday into cancelling eurozone talks on the matter despite pressure from G20 ministers.The climate around the eurozone debt crisis blew hot and cold during the day with the EU Commission warning Spain that deficit targets will be applied despite slippage in Spanish progress on public finances.But Portugal passed an EU-IMF audit of its reforms, clearing the way for a new slice of debt rescue aid, although the country ag