Sarkozy and Merkel decide Greek bail-out terms - Macleans.ca

Sarkozy and Merkel decide Greek bail-out terms

French and German leaders meet in Berlin after public disagreement

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Angela Merkel and Nicolas Sarkozy met in Berlin recently after a public disagreement about the role their countries’ private sectors should play in a potential Greek bail-out. Both leaders announced that the private sector would not be forced to bring the debt-stricken country into financial stability, and any European corporate involvement would be strictly voluntary. They also decided to reshuffle the cabinet, replacing George Papaconstantinou with Evangelos Venizelos as Greek finance minister. Experts are unsure whether or not the changes will benefit the country.

BBC News

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