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France

Sarkozy cuts short holiday for urgent economic talks

Text by News Wires

Latest update : 2011-08-10

French President Nicolas Sarkozy cut short his vacation on the French Riviera to hold a meeting with key ministers on Wednesday as world markets reel from fears that US and eurozone debt crises will spark a new recession.

AFP - President Nicolas Sarkozy interrupted his holiday on the French Riviera Wednesday to hold a meeting on the economy as the crisis in the eurozone continued.

"The president of the republic will today hold in the Elysee palace a working meeting at 0800 GMT on the economic and financial situation," his office said in a statement.

The French prime minister will also attend the meeting along with the finance and budget ministers, the statement said.

The turmoil on the financial markets has eased since the European Central Bank began buying Spanish and Italian bonds this week but investor jitters continue on fears the US and eurozone debt crises would spark a new recession.

Sarkozy had been holidaying in the chic Cap Negre area of the Riviera in the family holiday home of his pregnant supermodel-turned-pop star wife Carla Bruni.
 

Date created : 2011-08-10

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