Europe Delays Major Decision on Debt Crisis

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European finance ministers for the 17 countries that use the euro have decided to put off any major actions on the region's debt crisis.

The ministers failed to come up with a plan to get some European countries to spend within their means, so they delayed any decision until their heads of state meet next Tuesday in Brussels.

"We are now entering the critical period of 10 days to complete and conclude the crisis response of the European Union," EU Monetary Affairs Commissioner Olli Rehn said.

"There is no one single silver bullet that will get us out of this crisis," he added.

Meanwhile, some businesses have already begun to prepare for the possible breakup of the eurozone and the end of the euro as a currency.
     
Some governments are even worried about the possibility of social unrest if the euro does collapse.

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