Sarkozy, Merkel to Discuss Crisis Today as Bond Yields Rise
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French President Nicolas Sarkozy and German Chancellor Angela Merkel will discuss the euro region’s debt crisis today after concerns that it will spread to Italy and Spain helped trigger a global market rout.
Sarkozy will also speak with Spanish Prime Minister Jose Luis Rodriguez Zapatero, according to an official at the French president’s office in Paris. Sarkozy spoke with European Central Bank President Jean-Claude Trichet yesterday and the previous day, said the person, who cannot be identified under government policy. The official wouldn’t give details on the timing of the calls.