Investment markets are still skeptical about the euro and its seeming weakness in the current market scenario. The meeting of EU leaders in Brussels this week will, in all likelihood, result in a joint declaration from its members, that will look at quelling any existing inhibitions on this front.
All eyes will be on David Cameron, who, in his first EU summit, will have to work towards finding an amenable solution to a proposal that seeks EU budgets to be sanctioned by the European Parliament, before it is tabled in the UK parliament.
The perceived weakness of the European economies and concerns about the euro’s performance in the short to medium term are expected to be the major issues discussed in the meet. Also on the anvil are issues relating to European nations such as Spain and Ireland, which are grappling with lack of funds. The prevailing situation in these economies is also likely to be discussed and a call for additional funding may be raised.
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