Official: Accord at Wednesday EU summit in doubt

BRUSSELS (AP) ? A European official says there is now serious doubt that EU heads of government will agree on a broad package of financial measures at a summit meeting in Brussels on Wednesday.

The official says the 10 EU members who don't use the euro do not want to agree to a bank recapitalization plan unless there's also agreement on increasing the firepower of the EFSF, the EU's bailout fund.

The person, speaking on condition of anonymity because the negotiations were confidential, says there are doubts that the EFSF changes can be agreed.

"It's a real mess once again," the official said.

There will be no finance ministers' meeting before the leaders' summit Wednesday evening, the official said, a sign that there are doubts that an agreement can be reached.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/cae69a7523db45408eeb2b3a98c0c9c5/Article_2011-10-25-Europe-Financial%20Crisis/id-60a41a591af84b49a45f7f59f3b2d4d4

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