Merkel, Sarkozy Meet to Discuss Euro Zone Budget Controls

In what some are billing the last chance to save the euro, German Chancellor Angela Merkel and French President Nicolas Sarkozy will meet today in Paris to discuss how to enforce adoption of existing Eurozone budget rules. Several countries have failed to follow the deficit and debt requirements as part of their participation in the Eurozone.

Part of the problem lies with the inability of Eurozone officials to enforce compliance and this topic will surely be part of the discussion for the two leaders.

“There’s a lot of optimism built in that Europe is finally getting its act together and that the summit will be fruitful,” said Oliver Pursche, president at Gary Goldberg Financial Services in Suffern, New York.

Source: Reuters

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.