Merkel-Sarkozy to meet EU chiefs, IMF, Greece on Wednesday

1st November 2011, Comments 0 comments

The leaders of France and Germany will meet the head of the IMF, top European officials and Greek representatives on Wednesday after Greece's shock referendum decision, a joint Franco-German statement said.

"The chancellor and the French president have agreed to hold a round of talks on Wednesday, November 2 in Cannes with the European institutions and the IMF as well as a meeting with the Greek side," the statement said Tuesday.

The emergency meeting was agreed during a phone call between President Nicolas Sarkozy and Chancellor Angela Merkel to discuss Greece's call for a referendum on a euro debt rescue package agreed at an EU summit last week.

The Greek call sent stock markets around the world tumbling amid uncertainty over banks' exposure to euro debt in the event of a default.

Sarkozy is to hold a summit of the Group of 20 industrialised nations in the Mediterranean city of Cannes on Thursday and Friday.

"France and Germany are determined to ensure with their European partners the full implementation, as quickly as possible, of decisions taken by the summit, which today are more necessary than ever," the statement said.

"France and Germany are convinced that this agreement will allow Greece to return to sustainable growth.

"France and Germany would like, in consultation with their European partners and the IMF, for a roadmap to be drawn up quickly to ensure the deal's application," it said.

© 2011 AFP

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