IF ANYONE CAN ACTUALLY FIND ANY DETAILS PLEASE LET ME KNOW.
OTHERWISE THIS IS YES -
THE SAME SHIT DIFFERENT WEEKEND
France and Germany have set themselves a deadline of the end of October to reach agreement on a comprehensive package of measures to stabilise the eurozone, including the recapitalisation of European banks if they need it.
Angela Merkel, the German chancellor, and France’s President Nicolas Sarkozy spelt out their determination to defend the stability of the euro as they met for a bilateral summit in Berlin, but refused to spell out any further details of their plans.
The only concrete statement they made, however, was Ms Merkel’s announcement that “we are determined to do whatever is necessary for the recapitalisation of our banks”.
There was no sign that the two governments had yet managed to resolve their tactical differences over whether the cash for such an exercise will come from national treasuries or from the €440bn European Financial Stability Facility, the eurozone rescue fund.
Ms Merkel also refused to be drawn on their plans to deal with the ongoing Greek financial crisis, saying simply: “We are working closely together on Greece.” She added that they were still waiting for a report from the troika of officials from the International Monetary Fund, the European Commission and the European Central Bank, on how to meet a growing financing gap in Athens.