European Commission head Jose Manuel Barroso has urged EU countries to speed up ratification of the bloc's new-model bailout mechanism to reassure markets on Italy and Spain.
In a flash statement emailed to press on Wednesday (3 August), Barroso voiced "deep concern" about the increase to record highs in the cost of borrowing for the two countries in recent days.
"It is essential ... that we move forward rapidly with the implementation of all of that has been agreed by the heads ...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.