30 Sep '11, 5pm

Sarkozy to meet Germany on eurozone bail-out

PARIS: France's President Nicolas Sarkozy promised on Friday to push Germany over his plan to more closely integrate eurozone economies after meeting Greek Prime Minister George Papandreou in Paris. Sarkozy said he had been convinced by Papandreou's promise to cut Greece's debts and deficit, and said he would himself travel to Germany next week and push Europe's plan to reassure markets. "It's not possible to let Greece fall, for moral and economic reasons," Sarkozy said, adding that he believes Athens to be "totally determined" to live up to promises to slash its deficit. Sarkozy said he would meet in the coming days with Germany's Chancellor Angela Merkel "to discuss ways and means to accelerate the economic integration of the eurozone economy." He also said he would push for Greece to receive a previously agreed EU bail-out more quickly, despite concerns in some eurozon...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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