Europe financial crisis update
Posted Oct 9, 2011 2:05 pm.
This article is more than 5 years old.
The leaders of Germany and France, the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector.
German Chancellor Angela Merkel says she and French President Nicolas Sarkozy “are determined to do the necessary to ensure the recapitalization of Europe’s banks.”
Merkel spoke after talks with Sarkozy at Berlin’s chancellery Sunday aimed at forging an agreement ahead of a summit of the European Union’s 27 leaders later this month.
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