While a large part of Europe still teeters on the edge of economic ruin, and countries trade the mantle of “who’s the sick man this week”, the economically healthier countries have called for emergency meetings. With ongoing measures being applied to Greece, Ireland, and Portugal, and nearing Greek elections, talks have done little to assuage concerns thus far. Spain and it’s sick real estate market is the reason countries are worrying this week.
Germany has tried to convince other EU members to trade more of their respective rights, to be more able to tackle monetary issues in Europe, but so far, France and others have not done so. The United States, for its part, has said IMF funds should not be used for European Union countries’ problems. China, for its own part, has begun trying to insulate itself in the event of a Greek withdraw from the Euro.