November 1, 2011
French President Nicolas Sarkozy and German Chancellor Angela Merkel will hold an emergency meeting with Greece on Wednesday to push for a quick implementation of Athens' bailout deal, Sarkozy's office said on Tuesday.
Markets tumbled across Europe in response to the announcement by the Greek government to hold a referendum on the agreement which is expected to take place in a few weeks.
Last week's 130 billion-euro ($180 billion) bailout package had raised hopes a line could be drawn under banks' Greek losses and euro zone bonds could be sold to China and other investors.
"France and Germany are determined to ensure, with their European partners, the full implementation in the quickest time frame, the decisions adopted at the (October 27) summit, which are today more important than ever," Sarkozy's office said in a statement following a telephone call between the two leaders on Tuesday to discuss Greek plans for a referendum on the package.
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