Post by Alyssa on Oct 9, 2011 22:34:16 GMT -5
Germany, France agree on Europe bank bailout
Read More: www.msnbc.msn.com/id/44835521/#.TpJnRLLy-uI
BERLIN — The leaders of Germany and France, the eurozone's two biggest economies, said Sunday they have reached an agreement about how to strengthen Europe's shaky banking sector amid the region's debt crisis.
"We are determined to do the necessary to ensure the recapitalization of Europe's banks," German Chancellor Angela Merkel following talks with French President Nicolas Sarkozy in Berlin.
A "comprehensive response" to the eurozone's debt crisis will be finalized by month's end, including a detailed plan on recapitalizing the banks, Sarkozy said at Berlin's chancellery.
"The economy needs secure financing to ensure growth. There is no prospering economy without stable banks," he said. "That is what is at stake."
"We are determined to do the necessary to ensure the recapitalization of Europe's banks," German Chancellor Angela Merkel following talks with French President Nicolas Sarkozy in Berlin.
A "comprehensive response" to the eurozone's debt crisis will be finalized by month's end, including a detailed plan on recapitalizing the banks, Sarkozy said at Berlin's chancellery.
"The economy needs secure financing to ensure growth. There is no prospering economy without stable banks," he said. "That is what is at stake."
Read More: www.msnbc.msn.com/id/44835521/#.TpJnRLLy-uI