Dark cloud over EU debt talks

Portugal, fight new debt fires in Greece and name a new president for the ECB.
International Monetary Fund managing director Strauss-Kahn, pivotal in global efforts to tame Europe’s debt crisis amid fears it could unleash new international financial market contagion, had been due at the talks. Replaced by his number two John Lipsky as acting IMF head as he battles to clear his name, Strauss-Kahn’s arrest – just as he was leaving to meet German Chancellor Angela Merkel – saw the euro wobble and shares fall sharply in Asian trade.
The IMF said that deputy managing director Nemat Shafik will instead attend the talks in Brussels that run through until today. – AFP.