| Author (Person) | Carnegy, Hugh, Peel, Quentin |
|---|---|
| Series Title | Financial Times |
| Series Details | 8.10.11 |
| Publication Date | 08/10/2011 |
| Content Type | News |
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Business leaders in the three largest eurozone states. France, Germany and Italy, appealed to their governments on the 7 October 2011 to make a 'quantum leap' to tackle the region’s financial crisis, calling for urgent implementation of fiscal reforms, recapitalisation of European banks and the creation of an independent European monetary fund. Declaring their 'full engagement in favour of deeper European integration', they said European businesses had 'the greatest interest in preserving the euro, as well as in supporting continued progress towards further political and economic integration'. The plea was issued ahead of a bilateral summit in Berlin on the 9 October 2011 between Angela Merkel, the German Chancellor, and President Nicolas Sarkozy of France. The two leaders were expected to try to agree measures to halt the financial market turbulence. After the meeting on the 9 October 2011 German Chancellor Angela Merkel and French President Nicolas Sarkozy announced that they would jointly present proposals on a new package to stabilise the eurozone by the end of October 2011. |
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| Subject Categories | Economic and Financial Affairs |
| Countries / Regions | Europe, France, Germany, Italy |
