sarkozy and merkel to thrash out euro crisis solution
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Sarkozy and Merkel to thrash out euro crisis solution

Arab Today, arab today

Arab Today, arab today Sarkozy and Merkel to thrash out euro crisis solution

Paris - AFP

French President Nicolas Sarkozy hosts German Chancellor Angela Merkel in Paris on Monday to thrash out details of a plan to save the euro at the start of a crucial week for the single currency. The two leaders are to meet for a working lunch, having vowed to propose European Union treaty changes to create what Merkel has dubbed a \"European fiscal union with strict rules\" and Sarkozy calls \"true economic government.\" Whatever proposals emerge from the talks must be seen as a credible guarantee that eurozone governments will at last bring their deficits under control and thereby satisfy restive markets. European Central Bank chief Mario Draghi has said he could then take action, and many hope the ECB will intervene to protect European banks from a credit crunch and buy bonds to rein in soaring rates on government borrowing. Sarkozy and Merkel have sought to take charge of the debt crisis, working so closely together that the media have dubbed them \"Merkozy\" and running the risk of alienating smaller EU states wary of Franco-German domination. But Sarkozy is smarting from becoming the junior partner, obliged to trail in Merkel\'s imperial wake when she rejected French entreaties to make the ECB a lender of last resort, like the US Federal Reserve or the Bank of England. Merkel has also dismissed the idea of pooling eurozone debts by issuing joint eurobonds, declaring: \"Whoever has not understood that they cannot be the solution to the crisis has not understood the nature of the crisis.\" Opposition leaders have accused Sarkozy of capitulating, comparing Merkel to 19th century German leader Otto von Bismarck and the French president to Edouard Daladier, who signed the Munich Accords to appease Hitler in 1938. After Monday\'s Franco-German mini-summit, EU leaders will have three days to digest France and Germany\'s proposals before Thursday, when the EU summit begins in Brussels and the ECB board meets in Frankfurt. Some countries may be obliged by national law to put any new treaty proposed by Sarkozy and Merkel to a referendum, which might delay or even derail its implementation. US Treasury Secretary Timothy Geithner has been dispatched to Europe, where he arrives on Tuesday to pressure leaders to take effective action on the debt crisis amid growing US frustration over the slow pace of action. Geithner is due to arrive in Frankfurt for talks with Draghi and other officials before travelling to Berlin, Paris and Marseille for talks with eurozone leaders, returning to the US on Thursday as the crunch EU summit begins.

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*

sarkozy and merkel to thrash out euro crisis solution sarkozy and merkel to thrash out euro crisis solution

 



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*

sarkozy and merkel to thrash out euro crisis solution sarkozy and merkel to thrash out euro crisis solution

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 16:03 2017 Thursday ,21 December

US hits Myanmar general in new global rights sanctions
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