IMF’s Lagarde to meet Sarkozy on Eurozone debt


Talks got underway in Paris on Saturday between International Monetary Fund managing director Christine Lagarde and French President Nicolas Sarkozy. The leaders planned to discuss the European debt crisis before Lagarde heads to Berlin on Sunday to meet with German Chancellor Angela Merkel for more talks on how to recapitalise banks. 

On Friday, the European Commission gave member states 10 days to agree to a plan to shore up their lenders. The IMF believes that between 100 and 200 billion euros are needed to cover potential losses.


Categories: Europe, France

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