European Union firewall decision 'in course of March': Germany

MEXICO CITY: Europe will decide whether to bolster its firewall against the debt crisis "in the course of March," Germany's finance minister said Sunday, appearing to downplay the chances of a result at an upcoming EU summit.

Euro Area Faces Recession as Breakup Risk Remains, E&Y Says

Dec. 15 (Bloomberg) --The euro-area economy is likely to slip back into a recession and its leaders’ new plan to end the debt crisis hasn’t completely eliminated the risk of a breakup of the currency region, according to Ernst & Young LLP.

Euro Fluctuates Before Leaders’ Debt Crisis Summit, ECB Rate Statement

The euro fluctuated against the dollar, after erasing earlier losses, as optimism increased that European leaders will be able to agree on measures to help solve the region’s debt crisis.