Listen Download Podcast
  • RFI English News flash 04h00 - 04h10 GMT Mon-Fri
    News bulletin 08/29 04h00 GMT
  • Paris Live AM 04h10 - 04h30 GMT Mon-Fri
    Features and analysis 08/29 04h10 GMT
  • RFI English News flash 05h00 - 05h10 GMT Mon-Fri
    News bulletin 08/29 05h00 GMT
  • Paris Live AM 05h10 - 05h30 GMT Mon-Fri
    Features and analysis 08/29 05h10 GMT
  • RFI English News flash 06h00 - 06h10 GMT Mon-Fri
    News bulletin 08/29 06h00 GMT
  • Paris Live AM 06h10 - 06h30 GMT Mon-Fri
    Features and analysis 08/29 06h10 GMT
  • RFI English News flash 06h30 - 06h33 GMT Mon-Fri
    News bulletin 08/29 06h30 GMT
  • Paris Live AM 06h33 - 06h59 GMT Mon-Fri
    Features and analysis 08/29 06h33 GMT
  • RFI English News flash 07h00 - 07h10 GMT Mon-Fri
    News bulletin 08/29 07h00 GMT
  • RFI English News flash 07h30 - 07h33 GMT Mon-Fri
    News bulletin 08/29 07h30 GMT
  • RFI English News flash 14h00 - 14h03 GMT Sat-Sun
    News bulletin 08/28 14h00 GMT
  • RFI English News flash 14h00 - 14h06 GMT Mon-Fri
    News bulletin 08/29 14h00 GMT
  • Paris Live Weekend 14h03 - 14h30 GMT Sat-Sun
    Features and analysis 08/28 14h03 GMT
  • Paris Live PM 14h06 - 14h30 GMT Mon-Fri
    Features and analysis 08/29 14h06 GMT
  • RFI English News flash 14h30 - 14h33 GMT Mon-Fri
    News bulletin 08/29 14h30 GMT
  • Paris Live PM 14h33 - 14h59 GMT Mon-Fri
    Features and analysis 08/29 14h33 GMT
  • RFI English News flash 16h00 - 16h03 GMT Sat-Sun
    News bulletin 08/28 16h00 GMT
  • RFI English News flash 16h00 - 16h06 GMT Sat-Sun
    News bulletin 08/29 16h00 GMT
  • Paris Live Weekend 16h03 - 16h30 GMT Sat-Sun
    Features and analysis 08/28 16h03 GMT
  • RFI English News flash 16h30 - 16h33 GMT Mon-Fri
    News bulletin 08/29 16h30 GMT
  • Paris Live Weekend 16h33 - 17h00 GMT Sat-Sun
    Features and analysis 08/28 16h33 GMT
To take full advantage of multimedia content, you must have the Flash plugin installed in your browser. To connect, you need to enable cookies in your browser settings. For an optimal navigation, the RFI site is compatible with the following browsers: Internet Explorer 8 and above, Firefox 10 and +, Safari 3+, Chrome 17 and + etc.
Economy

Sarkozy and Merkel meet to discuss Eurozone debt crisis

media Do Sarkozy and Merkel have a plan? Reuters

The markets are watching anxiously ahead of a meeting on Tuesday in Paris between French President Nicolas Sarkozy and German Chancellor Angela Merkel, to discuss ways to try to resolve the eurozone debt crisis.

 

Both Paris and Berlin have been trying to dampen expectations of a major announcement.

Merkel and Sarkozy are divided over how to address the crisis, with Berlin opposed to any proposals where German taxpayers effectively underwrite the debts of their eurozone partners.

Dossier: Eurozone in crisis

After recent rumours that France might lose its Triple A credit rating, Berlin seemed in a stronger negotiating position, but poor German growth figures out today will give Merkel pause for thought.

Prior to today's talks, the two leaders made clear that they would not address calls from some quarters to issue a "eurobond" to pool eurozone member state governments' debts.

Eurobonds would certainly help weak economies like Greece and Portugal to finance their massive deficits, but by transferring some of the cost of servicing these debts to German taxpayers.

Sarkozy has long pushed for a more centralized system of controls across the Eurozone, but Merkel will not consider such moves without tougher new rules to enforce fiscal discipline throughout the bloc.

The French president will still advocate speeding up reforms to Europe's financial institutions and officials in Paris say he hopes that he and Merkel will agree "common positions on the reform of the governance of the Eurozone."

Related
 
Sorry but the period of time connection to the operation is exceeded.