March 09, 2011

EU summit to take only minor steps on debt crisis

Euro zone leaders will take the next cautious steps in their year-long effort to quell the region's debt crisis at a summit on Friday, but the meeting is unlikely to produce a breakthrough.

The top item on the agenda for the 17 heads of state and government is to agree a "competitiveness pact," a deal Germany and France are pushing the rest of the euro zone to adopt to show their commitment to overhauling their economies.