Europe ahead of EU Summit

Monday, 30 January 2012 01:46

Italy sold today 8 billion euro of various long term bonds at lower yields.
Spanish economy contracted in a last quarter of 2011 by 0.3% in line with expectations. The country is dangerously close to recession.

All investors are focusing on EU leaders meeting later today.
The Summit in Brussels is suppose to focus on Greece financial difficulties as the talks between creditors and county are being dragged.
Leaders are expected to also finalize the fiscal pact agreement and agree on a status of 500 billion euro rescue found.