EU leaders meet today in Brussels to discuss ways to stimulate the region’s economy and speed up job creation. However, the question of Eurobonds and their utility in combating the crisis is likely to dominate, setting the stage for a showdown between France and Germany. Though both favour growth, France advocates the use of EU funds, while Germany prefers austerity and structural reforms. France’s President Francois Hollande would push for mutually underwritten Eurobonds, whereas Germany’s Chancellor Angela Merkel thinks the bonds should be issued only after a closer fiscal union. Italy, Spain and the European Commission support the France, while the Netherlands, Finland, Austria and some other smaller members back Germany.