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Sarkozy backs down on ECB crisis role

By: Yossel in FRANCE | Recommend this post (0)
Sun, 23 Oct 11 10:29 PM | 89 view(s)
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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




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