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German Chancellor Angela Merkel, right, welcomes French President Nicolas Sarkozy in Berlin Wednesday, July 20, Ferdinand Ostrop/AP/Press Association Images
Eurozone
Sarkozy and Merkel to meet today
Chancellor Merkel and President Sarkozy are to meet today to discuss the Eurozone crisis.
THE EUROZONE CRISIS will be debated by the French and German leaders this afternoon.
BBC News reports that German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet in Paris today, where they will discuss the crisis.
With the integrity of the Euro at stake, the decisions the two make could determine the future of the Eurozone, says the BBC.
This meeting comes after a week of turmoil in financial markets, and fears that France would be the next country to lose its triple-A credit rating.
Officials for Merkel and Sarkozy said yesterday that eurobonds will not be on the agenda during today’s meeting.
RTE News reports that the two will meet at the Elysee Palace and look at ways to create a lasting solution to the current crisis, as more countries run into financial trouble.
The European Central Bank sent €22 billion last week propping up the bond markets of Italy and Spain.
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