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EU leaders look for unity

This week's meeting of EU leaders in Brussels will likely result in a joint statement from the EU as a means of trying to reassure investment markets which are still concerned about the weakness of the euro. It what will be David Cameron's first EU summit, he is under pressure to protect UK interests with a suggestion that all EU budgets in the future would need to be passed through the European Parliament before being presented to their domestic parliament.

Despite the fact that EU leaders will put on a united front this week there is still concern that European economies are weak and the euro is set to come under more pressure in the short to medium term. In the background there are still concerns about a number of European economies such as Ireland and Spain which are struggling to contain balanced budgets. Whether or not this will result in additional funding requirements remains to be seen but, despite assurances that "everything is okay", concern about the European economy as a whole will likely continue for some time.

There are even some people who believe that the euro will be dead in a few years and the European blueprint for the future will need to be ripped up!

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