Troubled Europe summit: Merkel vs. everyone else - 13 WTHR Indianapolis

Troubled Europe summit: Merkel vs. everyone else

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PARIS -

Germany's Chancellor Angela Merkel is the woman to watch - or fear, or confront - in Europe this week.

The leaders of Italy, France and Spain are pressing their northern neighbor at a European Union summit starting Thursday to agree to share debts before markets push the eurozone any closer to collapse. The EU's top officials and the International Monetary Fund have argued the same.

Markets and investors, who felt burned in the past by promises they saw as too weak to solve Europe's debt crisis, want a breakthrough this week to ensure the region's debt crisis doesn't engulf the world economy, but they aren't expecting one.

Any breakthrough would hinge on Merkel, who is unlikely to budge. She wants a grand, ambitious political union first. And she brings the weight of the continent's biggest, strongest economy with her to the meetings in Brussels.

(Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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