Upcoming summits must produce solutions
On Monday, European Council President Herman Van Rompuy announced a surprise one-week delay to the highly anticipated summit of 27 member states, previously scheduled to take place on Oct 17 and 18.
He said the new timing will allow the union members to finalize "a comprehensive strategy" to tackle the sovereign debt crisis in Europe, which is still deteriorating.
The European Union, still a vital global player, is planning to make the rescheduled European summit on Oct 23 a platform to not only solve its own problems but also to coordinate the European position at two other high profile gatherings, as the delayed summit will now take place two days ahead of the China-EU annual summit and 10 days before the G20 gathering in Cannes, France.
