France, Germany to Discuss Greek Bankruptcy, Contagion, JDD Says
By Francois de Beaupuy - Oct 9, 2011 9:43 AM GMT
German Chancellor Angela Merkel and French President Nicolas Sarkozy will talk about a Greek bankruptcy, the country’s future in the euro area and contagion risks, Le Journal du Dimanche said, citing an unidentified person in Sarkozy’s office.Sarkozy wants to save Greece and strengthen aid mechanisms for troubled European nations, the newspaper said. A Greek default would sink some banks and send the euro area back into recession, while Greece’s exit from the euro would deter investors from Europe, leading to the same results, according to Le Journal du Dimanche.The French government believes creating a firewall with a public entity to take Greece’s debt would reassure markets, the newspaper said, adding that Merkel remains to be convinced of that.To contact the reporter on this story: Francois de Beaupuy in Paris at
France, Germany to Discuss Greek Bankruptcy, Contagion, JDD Says
By Francois de Beaupuy - Oct 9, 2011 9:43 AM GMT
German Chancellor Angela Merkel and French President Nicolas Sarkozy will talk about a Greek bankruptcy, the country’s future in the euro area and contagion risks, Le Journal du Dimanche said, citing an unidentified person in Sarkozy’s office.
Sarkozy wants to save Greece and strengthen aid mechanisms for troubled European nations, the newspaper said. A Greek default would sink some banks and send the euro area back into recession, while Greece’s exit from the euro would deter investors from Europe, leading to the same results, according to Le Journal du Dimanche.
The French government believes creating a firewall with a public entity to take Greece’s debt would reassure markets, the newspaper said, adding that Merkel remains to be convinced of that.
To contact the reporter on this story: Francois de Beaupuy in Paris at
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