Euro Leaders Determined to Support Banks, Merkel Says
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German Chancellor Angela Merkel said European leaders will do “everything necessary” to ensure that banks have adequate capital, joining French President Nicolas Sarkozy to persuade investors they can stamp out the debt crisis roiling global markets.
At a joint press conference in Berlin, Sarkozy set a deadline of the Nov. 3 Group of 20 summit to deliver a response that addresses the immediate crisis in Greece and what he called the structural defects in the 17-nation euro area. No details were provided today.