France and Germany will present proposals on a new comprehensive package for stabilizing the euro zone by the end of the month, French President Nicolas Sarkozy said on Sunday.
"We are very conscious that France and Germany have a particular responsibility for stabilizing the euro," Sarkozy said at a joint news conference with Chancellor Angela Merkel in Berlin.
"We need to deliver a response that is sustainable and comprehensive. We have decided to provide this response by the end of the month because Europe must solve its problems by the G20 summit in Cannes," he added, saying it was too early to enter into details.
The leaders suggested that their proposals would include a plan for recapitalizing European banks, accelerating economic coordination in the euro zone and dealing with Greece's debt problems.
http://www.reuters.com/article/2011/10/09/us-eurozone-germany-france-sarkozy-idUSTRE7981G720111009
German Chancellor Angela Merkel said European leaders will do “everything necessary” to ensure that banks have adequate capital
_http://www.bloomberg.com/news/2011-10-09/euro-leaders-to-do-all-necessary-to-support-banks-merkel-says.html
______________________________
ΖΗ: the punchline remains the same as always: Sarzkoy "added saying it was too early to enter into details." Ah yes, those ever elusive details, which nobody can ever provide, because, THEY SIMPLY DON'T EXIST, at least not in a universe in which 2 + 2 is still 4.
We have just one question: where will the $1 trillion in additional capital needed to recap said banks come from.
We have just one question: where will the $1 trillion in additional capital needed to recap said banks come from.
"We are very conscious that France and Germany have a particular responsibility for stabilizing the euro," Sarkozy said at a joint news conference with Chancellor Angela Merkel in Berlin.
"We need to deliver a response that is sustainable and comprehensive. We have decided to provide this response by the end of the month because Europe must solve its problems by the G20 summit in Cannes," he added, saying it was too early to enter into details.
The leaders suggested that their proposals would include a plan for recapitalizing European banks, accelerating economic coordination in the euro zone and dealing with Greece's debt problems.
http://www.reuters.com/article/2011/10/09/us-eurozone-germany-france-sarkozy-idUSTRE7981G720111009
German Chancellor Angela Merkel said European leaders will do “everything necessary” to ensure that banks have adequate capital
_http://www.bloomberg.com/news/2011-10-09/euro-leaders-to-do-all-necessary-to-support-banks-merkel-says.html
______________________________
ΖΗ: the punchline remains the same as always: Sarzkoy "added saying it was too early to enter into details." Ah yes, those ever elusive details, which nobody can ever provide, because, THEY SIMPLY DON'T EXIST, at least not in a universe in which 2 + 2 is still 4.
We have just one question: where will the $1 trillion in additional capital needed to recap said banks come from.
We have just one question: where will the $1 trillion in additional capital needed to recap said banks come from.
No comments:
Post a Comment