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Tuesday, January 3, 2012

EU CRISIS ROAD MAP: Key Milestones Ahead - WSJ.com

EU CRISIS ROAD MAP: Key Milestones Ahead - WSJ.com: LONDON (Dow Jones)--Near-term hurdles for the euro zone include a potential Standard & Poor's downgrade of its member states, possibly as early as this week, and a sale of bonds by its emergency bailout fund, the European Financial Stability Facility.

This month also sees the resumption of Greece's protracted bailout talks and the start of a busy schedule of regional sovereign and bank bond sales, not least from the Intalian government, which has about EUR200 billion ($260.6 billion) of debt falling due in 2012.

Crucial will be the European Union's ability to overcome political divisions by building a credible and ...

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