Germany's news in English

Editions:  Europe · Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Merkel confers with Sarkozy and Bush over crisis

Share this article

Merkel confers with Sarkozy and Bush over crisis
Photo: DPA
12:38 CEST+02:00
German Chancellor Angela Merkel and French President Nicolas Sarkozy have announced there will be “total” coordination of new measures to counter the ongoing global financial crisis.

Merkel and Sarkozy – who according to Paris telephone daily about the turbulence hitting financial markets – released a joint statement late Wednesday evening welcoming the concerted interest rate cuts by the world's leading central banks. Merkel also spoke with US President George Bush on the same evening.

After press reports early this week that Sarkozy was fuming over Merkel's resistance to setting up an EU bailout fund, the French leader said at conference in Evian that he was working “hand in hand” with the German chancellor.

“Our watches tell the same time. For me, the friendship and solidarity of ties between France and Germany absolutely paramount,” Sarkozy said.

Get notified about breaking news on The Local

Share this article

From our sponsors

Four ways to lower your rent in Germany

It's often expats in Germany who find themselves paying unduly high rent, but that doesn't mean you can't get a better deal - even if you've already signed your tenancy agreement.