France not threatened by eurozone crisis: Sarkozy's office

28th November 2010, Comments 0 comments

President Nicolas Sarkozy's office on Sunday categorically denied that France was threatened by the crisis in the eurozone provoked by Ireland's massive debt problems.

"We are not in the same category" as Ireland "and I note also that even the markets have not punished France in recent weeks," a presidential aide said.

The aide said a front-page banner headline in Sunday's Journal du Dimanche newspaper stating "Financial Crisis: France threatened," did not "correspond to reality."

"Interest rates, in contrast to what has happened in Ireland, Portugal and Greece, have not risen... French interest rates even have more of a small tendency to fall in absolute values than to rise," the aide said.

The comments came as calls for a bailout of Portugal grow and concerns over Spain, Italy and Belgium increase.

European Union finance ministers held an emergency session in Brussels on Sunday to thrash out the final details of Ireland's 85-billion-euro (113-billion-dollar) international bailout.

© 2010 AFP

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