As the curtain closed on the G20 summit in southern France, world leaders offered verbal support but balked at contributing new money to save the debt-burdened eurozone, while French President Sarkozy urged EU members to scale up the IMF's funds.
If Europe is a vessel at sea, it is off course and it's not clear who is as the helm. The 'lost at sea' metaphor comes up a couple of times in the French papers. One paper, meanwhile, suggests certain French traders are seeking spiritual solace after years on the financial rollercoaster. That's the focus for this look at the French papers, Friday 4th November 2011.
MEDIAWATCH, Thurs. 3/11/2011: Greek-bashing, understanding the Euro crisis and also the News Xchange summit 2011 in Portugal which is looking at changes at fundamental changes in news in the past year...social media, the Arab Spring and more.
The first day of meetings with the world's leading economies in southern France was plagued by continuing uncertainty over Greek and Italian debt, as G20 leaders struggled to work through the eurozone crisis.
The Greek debt crisis is topping the agenda at today’s G20 summit in Cannes after Prime Minister George Papandreou announced Thursday that the country would hold a referendum on its bailout package. Follow the day’s events on our live blog.
Chinese President Hu Jintao told French President Nicolas Sarkozy that Europe is responsible for resolving its debt crisis in talks ahead of a G20 summit in Cannes. China is a major holder of European bonds.
Ahead of a G20 summit in Cannes, French President Nicolas Sarkozy (right) and German Chancellor Angela Merkel (left) warned Greece that it would not receive "one more cent" unless it obeys the terms of a bailout deal agreed last week.
Did Greece just precipitate its exit from the euro? Options are slim should George Papandreou’s gambit fail. François Picard’s panel argues over the relative merits of announcing – on the eve of a G-20 Summit - a referendum on the EU bailout plan.
Did Greece just precipitate its exit from the euro? Options are slim should George Papandreou’s gambit fail. François Picard’s panel argues over the relative merits of announcing – on the eve of a G-20 Summit - a referendum on the EU bailout plan.
World leaders are gathering in the southern French city of Cannes for the G20 economic summit, but Greece’s continuing debt crisis threatened to overshadow the global event before it began.
