Arab Today, arab today sarkozy to host merkel to address crisis in europe
Last Updated : GMT 06:13:17
Arab Today, arab today
Arab Today, arab today

Sarkozy to host Merkel to address crisis in Europe

Arab Today, arab today

Arab Today, arab today Sarkozy to host Merkel to address crisis in Europe

Paris - Kuna

French President Nicolas Sarkozy will host later Tuesday evening German Chancellor Angela Merkel to discuss the turbulence on European financial markets and the broader economic challenge of rising debt in Eurozone countries. The meeting was called after the volatile reaction of Europe\'s stock markets as a result of a resurgence of the debt crisis in Greece and possible contamination of the Italian and Spanish economies which are also facing debt management problems. On July 21, a summit of the 17 Eurozone leaders agreed a number of measures to stem the debt problem, including a second bailout package for Greece and greater muscle for the European Financial Stability Facility (EFSF), which would help economies in difficulty. Sarkozy and Merkel found a difficult compromise just hours before the July 21 Eurozone meeting and have not always agreed on the mix of \"public/private\" input into the bailout of the troubled economies that use the Euro currency. Germany prefers a strong role for private banking in providing relief, while Sarkozy is keener on an institutional input and direct government intervention. The talks Tuesday evening are like to revolve around how to beef up the EFSF beyond the USD 620 billion currently allotted as a safeguard for ailing European economies. Also, France and other countries are pushing for a stronger role for the European Central Bank (ECB), which is already buying tens of billions of Euros in Italian and Spanish government bonds to ease pressure on those economies. There is speculation that a Eurobond issue might be considered to provide guarantees for government debts between the 17 Eurozone nations, but this could not be confirmed and Germany is known to be hostile to this idea. The two most important European leaders will, no doubt, show a unified front in Paris but are unlikely to go as far as adopting concrete measures that will satisfy markets, economists said here. Traders were also wary that the meeting would be a disappointment, noting there were divergences between Sarkozy\'s plan for public intervention and Merkel\'s opposition to having the government and tax payers pick up the tab for bad governance by some countries. Indeed, better governance is one area where both France and Germany are close. The need for improved monitoring of Eurozone budgets, deficits and especially fiscal policies is seen as a way of avoiding further crises which required two bailouts for the notoriously opaque, Greek economy.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sarkozy to host merkel to address crisis in europe Arab Today, arab today sarkozy to host merkel to address crisis in europe

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sarkozy to host merkel to address crisis in europe Arab Today, arab today sarkozy to host merkel to address crisis in europe

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Egypt tourism revival steady but slow

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today France opens door to post-2025 talks

GMT 05:16 2017 Wednesday ,20 September

France opens door to post-2025 talks
Arab Today, arab today Equifax executives step down

GMT 16:16 2017 Saturday ,16 September

Equifax executives step down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today 5,000 'Dieselgate' deaths in Europe per year

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Renault-Nissan to launch

GMT 10:44 2017 Saturday ,16 September

Renault-Nissan to launch
Arab Today, arab today Eman Al Assy receives three offers

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers
Arab Today, arab today 'Severe' Typhoon Doksuri pounds Vietnam

GMT 15:49 2017 Friday ,15 September

'Severe' Typhoon Doksuri pounds Vietnam

GMT 11:10 2017 Friday ,15 September

Fadl Shaker retreats from surrendering himself

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 10:25 2017 Thursday ,14 September

Greece fumbled oil spill response

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 21:57 2017 Sunday ,17 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday