Thursday, October 20, 2011

France Split With Germany on Crisis Emerges as EU Summit Pressure Mounts

From Bloomberg: France and Germany wrangled over how to tackle Europe’s debt crisis a day before a finance ministers’ meeting in Brussels intended to set a common strategy on dealing with the turmoil...

“Even with the current problems in the negotiations, we expect that there will be at the end a compromise,” economists including Juergen Michels at Citigroup Inc. in London said in an e-mailed note. “However, with the participants having still very divergent views, the outcome probably will not be a credible, comprehensive package.”

Find out more at http://www.bloomberg.com/news/2011-10-19/sarkozy-to-see-trichet-merkel-draghi-lagarde-tonight.html

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