Cameron, Sarkozy discuss debt crisis

6th August 2011, Comments 0 comments

British Prime Minister David Cameron and French President Nicolas Sarkozy discussed the eurozone and US debt crises in telephone talks Saturday, a Downing Street spokesman said.

"The prime minister this evening spoke by telephone to President Sarkozy of France. They discussed the euro area and the US debt downgrade," the spokesman said.

"Both agreed the importance of working together, monitoring the situation closely and keeping in contact over the coming days."

Sarkozy's Elysee office said the conversation lasted around half an hour.

Cameron is currently on holiday in Italy.

Hundreds of billions of dollars in value were lost this week during a global stocks sell-off sparked by eurozone debt concerns, enhanced by prospects of a slowdown in the US economy.

The situation triggered a round of telephone calls Friday between the British, French, US, German, Italian and Spanish leaders.

Meanwhile Saturday, British finance minister George Osborne, who is on holiday in the United States, held telephone talks with International Monetary Fund managing director Christine Lagarde.

The chancellor and the former French finance minister discussed the "international instability", a Treasury spokesman told AFP.

"They were both talking about the international economic situation, monitoring it and also discussing the importance of countries taking decisions to build confidence."

© 2011 AFP

0 Comments To This Article