|Author (Person)||Hollinger, Peggy|
|Series Title||Financial Times|
Preview feature before a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy, Paris, 16 August 2011 to discuss the eurozone financial crisis.
Preview FT article reported that Germany and France were ruling out common eurozone bonds to solve the eurozone's debt crisis, in spite of renewed pressure from other European leaders and commentators.
The German government was adamant that eurobonds – jointly issued by members of the eurozone currency area to help the most debt-strapped governments – were not on its agenda. Yet however much Angela Merkel, German chancellor, and her advisers insisted that the issue was not for debate, the issue would not go away.
Preview EUObserver article reported that despite the intense scrutiny and pressure from the markets, it was unclear what major initiatives the two leaders could agree, with the Chancellor facing a German parliament already rebellious about the second bailout for Greece agreed at a eurozone summit on the 21 July 2011.
Ms Merkel and Mr Sarkozy were expected to reiterate the need for greater fiscal and economic co-operation before any European bond could be considered.
|Subject Categories||Economic and Financial Affairs|
|Countries / Regions||Europe, France, Germany|