ATHENS ? European leaders remained frustrated Tuesday in their efforts to craft a response to the continent?s debt crisis one day before a self-imposed deadline, while a political stalemate in Italy over austerity measures further diminished hopes for a quick resolution.
As top European officials prepared to return to Brussels on Wednesday for their second summit on the crisis this week, they sent conflicting signals about how much progress they?d made on key elements of a rescue plan. Still unsettled was how best to use the limited resources of a European bailout fund to help cash-strapped governments like Greece and Italy and how much of a loss private investors like banks should take on their holdings of Greek bonds, which have already lost much of their market value.
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Source: http://feeds.washingtonpost.com/click.phdo?i=5332f7dad4a9b911017d9435cbd88e22
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