Europe woes: Leaders meet for debt crisis

After their talks, Sarkozy is to head to Berlin on Sunday to meet German Chancellor Angela Merkel.


Afp October 09, 2011

PARIS: International Monetary Fund (IMF) Managing Sirector Christine Lagarde arrived in Paris on Saturday for talks with President Nicolas Sarkozy on a crunch weekend for the European debt crisis.

She made no comment as she went into the Elysee palace. After their talks, Sarkozy is to head to Berlin on Sunday to meet German Chancellor Angela Merkel, as eurozone leaders cobble together a plan to recapitalise banks overexposed to risky sovereign debt.

The debt crisis, which began in Greece, has snared Ireland and Portugal and now put Italy and Spain in the firing line too, threatening to sink the entire euro project as banks find it hard to raise funding.

Published in The Express Tribune, October 9th, 2011. 

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