On Saturday 11 October, Nicolas Sarkozy and Angela Merkel prepared the negotiations about European measures, to deal with the global financial crisis. Every European country should support their financial sector with own resources, though this must be coordinated on a higher level, said French President Nicolas Sarkozy. Also they agreed that the ones who caused this crisis, the failing bank managers, must be “punished”. More measures will follow Monday, but a rescue fund like in the United States won’t be an option according to German Chancellor Angela Merkel.
Wouter Poppe
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On Saturday 11 October, Nicolas Sarkozy and Angela Merkel prepared the negotiations about European measures, [no comma] to deal with the global financial crisis. Every European country should support their financial sector with own resources, though this must be coordinated on a higher level, said French President Nicolas Sarkozy. Also they agreed that the ones who caused this crisis, the failing bank managers, must be “punished”. More measures will follow Monday [specific date?], but a rescue fund like in the United States won’t be an option according to German Chancellor Angela Merkel.
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