News Analysis: Euro Zone Leaders Under Pressure to Take Action

Reuters - European Union leaders meet next week under pressure to take bolder steps to quell the euro zone debt crisis, despite signs that volatility in European bond markets is abating toward the end of the year. The European commissioner for monetary affairs, Olli Rehn, said it was time for Europe to show proper coordination, and back its shared currency union with closer economic union.

BRUSSELS (Reuters) - European Union leaders meet next week under pressure to take bolder steps to quell the euro zone debt crisis, despite signs that volatility in European bond markets is abating...

With market pressure on the euro zone easing for now, experts worry that a meeting of European Union leaders will bog down in bickering that delays promised reforms.

In spite of what you hear by the nanny-zone Eurocrats, the rifts keep getting wider and the odds the Merkozy agreement gets tossed to the dogs rises every day. Today the UK put a nail in the coffin of more money to the IMF and Sweden may do so as well. Please consider Euro zone IMF lending plan in danger as UK declines

Interactive graphic on debt in the euro zone as European Union leaders gather for a summit to discuss concrete measures to help debt-stricken Greece.