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European Leaders Pressed to Deliver at Crisis Summit
Date: 12/8/2011 10:27:20 AM Sender: VOA
European leaders are gathering in Brussels for a critical end-of-year summit, another attempt to resolve a sovereign debt and banking crisis threatening the very future of the euro currency union.  Pressure is on for them to come out with a definitive deal this time around, after what critics claim are months of half-measures.

This is not the first time a European Union summit has been described as the last chance to save the struggling euro currency union.  But the 27 EU leaders gathering Thursday and Friday in Brussels face extraordinary pressure, at home and abroad,to deliver a lasting solution to the two-year-old eurozone crisis.

The plan on the table is authored by Europe＇s two biggest economies, France and Germany.  They want to overhaul EU treaties to forge a more binding and fiscally responsible eurozone. The two leaders outlined the details of their vision on Wednesday, in a letter to EU President Herman van Rompuy.

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