Wednesday, November 2, 2011

Sarkozy, Merkel to Push Euro-Rescue Plan

Wall Street Journal
November 1, 2011

The leaders of France and Germany said Tuesday they would press ahead with implementing the euro-zone deal agreed last week and hold crisis meetings ahead of the summit of the Group of 20 in Cannes, in their first official reaction to Greek Prime Minister George Papandreou's decision to call a referendum on his country's rescue.

"France and Germany are convinced that this agreement will allow Greece to go back on a durable growth path," a statement from the French presidency said after the two leaders spoke by telephone.

Mr. Sarkozy and Ms. Merkel will meet with representatives of the International Monetary Fund, the European Union and the Greek government on Wednesday afternoon in the French resort city, an unscheduled gathering that will take place before the summit of heads of state and government from the G-20 on Thursday and Friday. The French and German leaders said they would take "all necessary measures for the implementation of the accord reached in Brussels on Oct. 27 as soon as possible."

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