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Germany, France split on EU rescue

Germany and France are split ahead of crucial summit talks on Sunday over how to strengthen shaky European banks and fight financial market contagion to prepare for a possible Greek default, diplomats said on Friday.

business Updated: Oct 07, 2011 23:57 IST

Germany and France are split ahead of crucial summit talks on Sunday over how to strengthen shaky European banks and fight financial market contagion to prepare for a possible Greek default, diplomats said on Friday.


Under strong US and market pressure, Chancellor Angela Merkel and President Nicolas Sarkozy will try to bridge differences on how to use the euro zone's financial firepower to counter a sovereign debt crisis.