GO
Loading...

Europe's leaders to focus on strengthening banks

Thursday, 18 Oct 2012 | 1:02 AM ET

BRUSSELS -- European leaders are gathering again in Brussels to discuss how to save the euro currency from collapse and support countries facing too much debt and not enough growth.

But Thursday and Friday's summit promises to be just a small pit-stop on the road to recovery, with few decisions expected. The leaders of the 27 countries that make up the European Union will discuss how to support their banks, one part of the crisis.

Some countries have stepped in to save their failing banks _ and are now struggling themselves. The EU is considering forming a "banking union" to break this dangerous connection. But some countries are eager to put on the brakes on the plan.

Debate will also center on whether to give Europe's bailout fund the power to lend money to banks.