Monday, August 15, 2011

Everything You Need To Know About Tomorrow's Big Merkozy Meeting (But Were Afraid to Ask)

All eyes in Europe are on tomorrow's big meeting between French President Nicolas Sarkozy and German Chancellor Angela Merkel. In Paris tomorrow, both leaders will talk economic policy and new measures to bolster the creaky foundations of the eurozone.

According to the Guardian, France hopes the meeting will send a strong statement. Germany just wants to play down its importance.

Here's what they will -- and will not -- discuss:

- Despite speculation to the contrary, euro bonds are NOT on the table. Both leaders are resistant to the issuance of common eurozone bonds and their administrations have made that crystal clear today….

- Unity -- per usual -- is likely to top the agenda. While we won't see any groundbreaking changes, signs abound that a solution to the sovereign debt crisis will necessitate some kind of expansion in central banking powers…

Find out more at http://www.businessinsider.com/everything-you-need-to-know-about-tomorrows-big-merkel-sarkozy-meeting-2011-8

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