Europe Scrambles to Ease Greek Debt Crisis |
| New York Times - Sep 13, 2011 |
In the face of heightened market pressure to resolve the Greek debt crisis, the president of France and the chancellor of Germany will hold a video conference call Wednesday evening with the Greek prime minister, George A. Papandreou, officials announced Tuesday, with the prospect of a further restructuring of Greek debt hovering in the air.
President Nicolas Sarkozy and Chancellor Angela Merkel initially planned a joint statement in support of their banks earlier Tuesday, but Berlin argued against it as unnecessary, French officials said. Still, France is pressing for a stronger signal from Germany that Europe will act to resolve the issue before new doubts about Greek solvency spread further contagion to other indebted states and their banks.
Mr. Sarkozy met Tuesday evening to discuss the euro crisis at the Élysée Palace in Paris with Herman Van Rompuy, the president of the European Council, which represents the 27 heads of government and state in the European Union. But neither man spoke afterward to the press.
Read Full Article from New York Times
- Posted: 2011-09-13 14:12:49
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