Author (Person) | Peel, Quentin |
---|---|
Series Title | Financial Times |
Series Details | 20.10.11 |
Publication Date | 20/10/2011 |
Content Type | News |
France’s President Nicolas Sarkozy flew to Frankfurt on the 19 October 2011 for an emergency meeting with leading German and EU players in the eurozone crisis including German chancellor Angela Merkel, as Franco-German differences bedevilled attempts to agree a comprehensive package of measures to present at the European Council and eurozone summits in Brussels planned for 23 October 2011 The French and German leaders discussed ways to leverage the European Financial Stability Facility (EFSF) in order to stretch its resources well beyond the current €400bn. Subsequently, a further meeting was also planned for the 26 October 2011 because it was recognised that EU leaders would not be able to agree a rescue plan for the euro by the 23 October 2011. Sweeping new rules requiring the approval of the German Bundestag for measures to deal with the eurozone crisis forced Angela Merkel, the German Chancellor, to plead for more time on the 20 October 2011 to negotiate a comprehensive package in Brussels. |
|
Related Links |
|
Subject Categories | Economic and Financial Affairs |
Countries / Regions | Europe, France, Germany |
![](https://www.europeansources.info/wp-content/uploads/esologo2.png)