Friday, May 14, 2010

Nicolas Sarkozy threatened

the leader had to come up Inflatable Jumpy Castle with a much bigger deal to underpin the euro. By 11.30 pm,Th financi market were target Spain and Portug and the Greek emerg had escal into a full-blown euro crisis. After month of handwringing. sever sourc said, the summit wa deadlocked, with Merkel dig in against a rescu fund to which Germani would need to contribut at least €120bn.

the French presid said he would walk out of the talk and warn of last damag to the Franco-German relationship unless the German chancellor back the plansIn a confront between Europe' two most power politicians..

" said on offici in Brussels. "It wa Sarkozi on steroids,"It wa a standup argument. He wa shout and bawling." said a European diplomat. "He' alwai veri energetic. Thi time he wa veri emotional, too." The French leader bang hi fist on the table, accord to yesterday' El Pa í s newspap in Spain.

late on Fridai last week,Th showdown. kick off a moment week in Europe, rais fear – share strongli in Washington and elsewher – that the euro could collapse, wreak untold damag on the world economi and also rais question about the veri futur of the EU.

it is not onli the currenc that fails. Much more fails,Merkel warn on Thursdai that the singl currenc crisi trigger by Greece' debt debacl wa about much more than money. "If the euro fails." she said. "Then Europ fails. The idea of European uniti fails."

but wa overtaken by eventsSarkozy' ultimatum came at a Brussel summit of leader of the 16 countri in the singl currency. It wa call to rubber-stamp a €110bn rescu packag for Greece..

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