EU summit to seek bigger ‘bazooka’ against debt crisis
World BusinessDec 8, 2011
BRUSSELS (AFP) ― Eurozone leaders will seek a bigger financial “bazooka” to battle the debt crisis and mull radical steps towards deeper union with treaty change at a game-changing EU summit opening Thursday.“Markets don’t give a hoot about treaty change as it’s all long-term,” said an EU source close to backroom talks ahead of the two-day meeting. “Money is all they care about and we need to convince.”With the entire 17-nation area, even powerhouse Germany, under threat of a ratings downgrade a