Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Historic day for Nigeria and day of hope for Africa

Read more

DEBATE

Nigeria's Historic Election: The Return of Muhammadu Buhari (part 2)

Read more

DEBATE

Nigeria's Historic Election: The Return of Muhammadu Buhari (part 1)

Read more

FOCUS

The rise of Hindu far-right groups

Read more

REPORTERS

Video: San Cristobal, Venezuela's tinderbox

Read more

THE OBSERVERS

Rebuilding attacked churches in Niger, and illegal fishing in Iran

Read more

#THE 51%

The extraordinary tale of the Egyptian mother who lived as a man

Read more

ENCORE!

Film Show : 'Suite française', 'Shaun the sheep' and 'A perfect man'

Read more

FOCUS

Strait of Hormuz: a smuggler's paradise

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)