Open

Coming up

Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

'If the missing AirAsia plane crashed, 2014 was one of deadliest years in almost a decade'

Read more

FOCUS

Video: The 'tender' revolution of Pope Francis

Read more

THE INTERVIEW

DR Congo: Saving the gorillas of Virunga

Read more

WEB NEWS

Web users in shock after AirAsia flight disappeareance

Read more

DEBATE

The World This Year (part 2)

Read more

DEBATE

The World This Year (part 1)

Read more

FASHION

Fashion: Highlights of 2014

Read more

WEB NEWS

Providing internet to rural areas

Read more

BUSINESS DAILY

Search for AirAsia jet continues

Read more

Europe

Sarkozy claims ‘progress’ in debt crisis talks with Merkel

Text by News Wires

Latest update : 2011-10-23

Following a telephone conversation Saturday with German Chancellor Angela Merkel, French President Nicolas Sarkozy said that progress had been made in talks between the two European leaders to contain the euorzone debt crisis.

AFP - French President Nicolas Sarkozy on Saturday cited "progress" in ongoing talks to contain the eurozone debt crisis after a telephone conversation earlier with German Chancellor Angela Merkel.

"I spoke to the chancellor this afternoon, there is progress, we are going to work tonight," he told reporters on arriving in Brussels ahead of a European Union summit Sunday.

Sarkozy and Merkel are to hold a tete-a-tete later Saturday.

Earlier, Merkel too said EU finance ministers had made "progress" in long talks to find a solution to the crisis but that no decisions would be made before an October 26 summit.

"Finance ministers made progress," Merkel said in Brussels on the eve of the Sunday summit, preceded by ministerial talks Friday and Saturday.

But she added: "There will be no definitive decisions before Wednesday."

After differences between France and Germany over how to contain spillover from the crisis dashed hopes of a final deal at Sunday's summit, EU leaders have decided to convene a second summit meeting on Wednesday.

Saying negotiations "will be difficult", Merkel said "this is why it is important for France and Germany to be active".
 

Date created : 2011-10-22

  • SPAIN

    Moody's ratings agency downgrades Spanish credit

    Read more

  • FRANCE

    Moody's warns France on possible negative outlook

    Read more

  • BANKING

    EU okays nationalisation of Dexia's Belgian arm

    Read more

COMMENT(S)