BREAKING NEWS

EU leaders meet on debt crisis, hope for deal

By REUTERS

OCTOBER 23, 2011 02:35

BRUSSELS - European Union leaders hold talks on Sunday to try to hammer out a comprehensive plan for tackling the euro zone debt crisis, but a breakthrough is not expected until another summit on Wednesday.

"We have to take far-reaching decisions. These have to be prepared properly, I believe that the finance ministers made progress, so that we can achieve our ambitious targets by Wednesday," German Chancellor Angela Merkel told reporters.

"The breakthrough ... will be on Wednesday," Merkel said before meeting French President Nicolas Sarkozy and other leaders in a castle outside Brussels on Saturday.

Sarkozy, who earlier in the week sharply disagreed with Merkel over strategy, also said he hoped for a breakthrough in the middle of the week.

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