Sarkozy backs down on ECB crisis role
1 of 9. German Chancellor Angela Merkel (L) and France's President Nicolas Sarkozy hold a joint briefing at the EU summit in Brussels, October 23, 2011.
BRUSSELS (Reuters) - French President Nicolas Sarkozy backed down on Sunday in the face of implacable German opposition to demands to use unlimited European Central Bank funds to fight the euro zone's deepening sovereign debt crisis.
Credit:
Reuters/Thierry Roge
EU leaders hold crisis talks (01:33)
By Julien Toyer and Andreas Rinke
BRUSSELS
Sun Oct 23, 2011 1:52pm EDT
link-http://www.reuters.com/article/2011/10/23/us-eurozone-idUSTRE79I0IC20111023