Friday, October 21, 2011

Germany, France See No Rescue Deal by Sunday

Leaders of Currency Zone's Two Largest Economies, at Odds Over Rescue Plans, Say No Pact Possible by Sunday Deadline, the Wall St Journal reports.
Europe's efforts to deliver a comprehensive plan to resolve the euro-zone debt crisis were in danger of unraveling Thursday as disagreement between Germany and France over virtually every point forced the 27-nation bloc to concede a much-anticipated summit of European Union leaders on Sunday won't produce an agreement.

The leaders of the euro zone's two largest economies are key to any deal on addressing the nearly two-year-old sovereign-debt crisis. French President Nicolas Sarkozy and German Chancellor Angela Merkel on Thursday issued a statement saying no decisions could be made by EU leaders by Sunday and promising to produce a comprehensive ...

Read all about it at http://online.wsj.com/article/SB10001424052970204618704576642461412138514.html?mod=WSJ_hp_LEFTWhatsNewsCollection

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