French eurozone rescue fund ruled out by Brussels ministers’ meeting


The Brussels meeting agreed to unlock eight billion euros in aid to Greece with finance ministers saying that banks and private investors must take a greater share of the costs.

The French proposal on the European Financial Stability Facility (EFSF) was at the heart of disagreement between French President Nicolas Sarkozy and German Chancellor Angela Merkel, who were set to hold face-to-face talks late Saturday.


Categories: Economics, Europe, France

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