EU summit fails to provide answers for eurozone crisis

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European Union leaders concluded their latest summit early on Thursday with few concrete steps to fix the continent’s festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no measures that might help Greece avoid it. Many analysts have said that Greece, already in its fifth year of recession, has no hope of recovery if it sticks to the spending cuts and tax hikes it agreed to in order to secure bailout loans Photo: Reuters tag –> AP 6:36AM BST 24 May 2012 Comments Also left unresolved was what Europe should do to spark economic growth and restore the…

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