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Ear to the Ground

European Leaders Prepare for Economic Meetings

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Posted on Oct 2, 2008
Nicolas Sarkozy
Newsday

French President Nicolas Sarkozy will play host to other European leaders in Paris on Saturday.

Leaders from France, Italy, Great Britain and Germany are planning to meet on Saturday in preparation for a European finance summit to be held in Washington next week. French President Nicolas Sarkozy, who shot down reports on Thursday that France was proposing a hefty European bailout package, invited the other three heads of state—British Prime Minister Gordon Brown, German Chancellor Angela Merkel and Italian Prime Minister Silvio Berlusconi—to the pre-summit huddle in Paris.


AFP:

Sarkozy himself insisted to reporters that France had not suggested creating a 300-billion-euro (417-billion-dollar) fund,and the finance ministry insisted that both the figure and the idea had come from the Netherlands.

“There was an exchange of ideas but no French proposals. There was no French plan. There is no French fund,” said an official in Finance Minister Christine Lagarde’s office, denying these “groundless accusations”.

On a visit to Paris, Dutch Prime Minister Jan Peter Balkenende denied that his government was proposing a single Europe-wide bail-out fund, saying that there had been a “misunderstanding” on the issue.

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By hippy pam, October 4, 2008 at 9:01 am #

The real reason for the MEETING is to make sure NONE OF THEM GET “DOG SH*T” ON THEIR SHOES…....

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By KDelphi, October 3, 2008 at 12:46 pm #

If conservative Sarkozy, refuses to act in consternation with the EU, the people of the EU will suffer for it. But, they have stronger regulatory agenicies, etc.,and they have a social safety net that we do not have.

I heard conservative David Cameron praising Margaret Thatcher yesterday! If teh UK turns that way, (with Sarkozy, Howard, Canada’s Harper), the entire group of “western democracies” will be up the proverbial creek.

Some people dont much think that they are important alies, but I think that we have much to learn from their socialist demopcracy vision.

It’s certainly more egalitarian than ours, China’s of Saudi Arabia’s.

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