November 17, 2011

Euro zone deal due by Wednesday  
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Posted in News | |

Euro zone deal due by Wednesday

The leaders of Europe will discuss in detail a comprehensive solution to the euro zone crisis at a summit on Sunday.

France and Germany said in a joint statement that no decisions will be adopted before a second meeting to be held by Wednesday at the latest.

From news.yahoo.com:

The communique, issued after French President Nicolas Sarkozy and German Chancellor Angela Merkel spoke by telephone on Thursday, said that Paris and Berlin wanted negotiations to start immediately with the private sector for an agreement on the sustainability of Greece’s debt.

“The President and the Chancellor affirmed their complete agreement to provide a global, ambitious response to the crisis currently facing the euro zone,” the statement said.

“France and Germany said that all of the elements of this ambitious, global response will be examined in a detailed manner during Sunday’s summit so they can be definitively adopted by the heads of state and government in a second meeting on Wednesday at the latest,” the statement said.

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