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Van Rompuy and Merkel: The German chancellor wants tough sanctions and the president wants economic harmonisation (Photo: Council)

EU economic task force reconvenes as disquiet returns to markets

As EU Council President Herman Van Rompuy's economic governance task force reconvenes on Monday (6 September), the fiscal situation of many in the bloc remains parlous.

Concerns of a double-dip recession echo across the Atlantic, and bond yields for the EU's more troubled countries stubbornly keep rising as if the promise made in May of a €750-billion eurozone bail-out should things go truly wrong had never been made.

Having first met toward the end of May and a further two times...

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Van Rompuy and Merkel: The German chancellor wants tough sanctions and the president wants economic harmonisation (Photo: Council)

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