France - Eurozone

Merkel to meet Hollande Wednesday ahead of key euro summit

Reuters/Francois Lenoir

German Chancellor Angela Merkel is to meet French President François Hollande in Paris on Wednesday evening to plan next week's European summit in Brussels, a German government official said Saturday.

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"The subject of the meeting will be preparing the European summit to be held Thursday and Friday," the spokesperson told the AFP news agency.

Dossier: Eurozone in crisis

After Friday’s meeting of the leaders of the top four eurozone economies backed Hollande’s call for a boost to growth, next Thursday’s summit will search for solutions to the crisis that has shaken the bloc.

In Rome Merkel stuck to her opposition to allowing Europe's crisis funds to recapitalise debt-stricken banks directly, stressing that EU treaties did not allow this.

European leaders are under increasing pressure to at least mitigate the crisis with the London-based Financial Times saying the meeting is expected to discuss a roadmap for banking union and ponder fiscal union.

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