Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Trump: Fake News And Unnamed Sources

Read more

THE WORLD THIS WEEK

Trump Administration, Trukey Crackdown, French Presidential Race (part 1)

Read more

THE WORLD THIS WEEK

Trump Administration, Trukey Crackdown, French Presidential Race (part 2)

Read more

FRANCE IN FOCUS

Aux Champs-Elysées: The story behind France's most famous avenue

Read more

#TECH 24

Foosball gets its own social network

Read more

YOU ARE HERE

Inlays and veneers: The art of French cabinetmaking

Read more

PEOPLE & PROFIT

How should companies respond to a Trump Twitter attack?

Read more

#THE 51%

Trump abortion funding ban: Europe tries to fill the breach

Read more

REPORTERS

Video: India’s Kuki people, possible descendants of one of Israel's lost tribes

Read more

Europe

Lagarde denies 'rumours' that Sarkozy threatened euro pullout

Text by News Wires

Latest update : 2010-05-15

French Finance Minister Christine Lagarde (photo) has denied "rumours" that President Nicolas Sarkozy had threatened to pull France out of the euro to force Germany to help Greece with its debt crisis.

AFP - French Finance Minister Christine Lagarde on Friday dismissed claims that President Nicolas Sarkozy had threatened to pull out of the eurozone, branding them "rumours" and "almost insulting".

"I will only say these rumours are completely unfounded ... and I have no additional comments, I think its almost insulting," Lagarde said at a meeting of the European Bank for Development and Reconstruction (EBRD) in Zagreb.

Earlier on Friday Spain's El Pais newspaper quoted Prime Minister Jose Luis Rodriguez Zapatero telling Socialist Party leaders that Sarkozy had threatened to pull France out of the euro currency group to force Germany to help Greece with its debt crisis.

Spain, France and Germany all denied the report, but it increased investors' concerns over the euro single currency, which plunged to an 18-month low on Friday.

El Pais, which is close to Spain's ruling Socialist Party, said Sarkozy made the threat at a Brussels summit of EU leaders last week that sealed a rescue package for Athens.

Germany, Europe's biggest economy, has been the most reluctant euro nation to help the Greek government overcome its debt crisis.

Date created : 2010-05-15

  • EUROZONE

    EU and IMF agree 750 billion-euro fund for crisis-hit eurozone members

    Read more

  • MARKETS

    Euro hits new 18-month low against dollar

    Read more

  • EU

    Commission to seek tougher budget rules for eurozone nations

    Read more

COMMENT(S)