Failure in Brussels.
by Stephen Lendman
Since crisis conditions erupted, it's number 19 and counting. Like earlier summits, they met. They talked. They agreed to talk more. They accomplished little more than before.
Dozens of rescue packages preceded Friday's. Promises are made and broken. Hyped plans failed. Conditions are worse now than ever.
Reality belies morning headlines. An official statement left important details unanswered. It was long on political posturing, not real solutions.
On June 29, Bloomberg headlined "EU Leaders Ease Debt-Crisis Rules on Spain," saying:
Bailout conditions were relaxed. Seventeen Eurozone country leaders met in Brussels. Talks continued until 4:30AM.