Fitch: EU Leaders Failed to Draft Concrete Solution at Summit

Fitch Ratings on Monday said failure by EU leaders to come up with a "comprehensive" solution to the region's debt crisis has increased short-term pressure on ratings of euro-zone countries. EU leaders on Friday secured a historic agreement to draft a new treaty for deeper economic integration in the euro zone, but more decisive measures to stem the debt crisis remained "It seems that a 'comprehensive solution' to the current crisis is not on offer," Fitch said in a statement. Continue reading the article.