Friday, June 24, 2011

Reuters - Merkel: EU summit to strengthen euro zone stability
Reuters reports: "European Union leaders are expected to take decision at their gathering in Brussels which will strengthen the stability of the euro zone, German Chancellor Angela Merkel said on Thursday. Merkel reiterated, however, no formal decisions on Greece are expected at the fourth EU summit this year."

Reuters - EU appoints Draghi to ECB, Bini Smaghi to leave
Reuters reports: "EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday and said another Italian would step down from the ECB's Executive Board early to smooth the process."

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