Open

Coming up

Don't miss

Replay


LATEST SHOWS

DEBATE

Hollande Press Conference: French President Tackles Record Unpopularity

Read more

FOCUS

Cleaning up Thailand's shady surrogacy industry

Read more

ENCORE!

The Biennale des Antiquaires: Where Miro meets million-dollar jewellery and antiques

Read more

THE OBSERVERS

Attacks on migrants in Tangiers and unwelcome stares from men in Cairo

Read more

AFRICA NEWS

Ebola virus: US to send 3,000 troops to West Africa

Read more

IN THE PAPERS

France looks on as Scotland votes

Read more

FACE-OFF

Manuel Valls: A weakened Prime minister?

Read more

BUSINESS DAILY

Jack Ma, the man behind Alibaba's record stock market debut

Read more

DEBATE

If Scotland Says 'Aye': Polls Say Indpendence Referendum Too Close to Call

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)