UPDATE 1-Sarkozy, Merkel leave crisis talks without commenting

Wed Oct 19, 2011 2:56pm EDT

Related Topics

FRANKFURT Oct 19 (Reuters) - French President Nicolas Sarkozy left euro zone crisis talks with Germany's Angela Merkel and other policymakers on Wednesday without offering comment about what was discussed.

Before flying to Frankfurt for emergency talks, Sarkozy told French lawmakers that plan to tackle the euro zone debt crisis had stalled with Paris and Berlin at odds over how to increase the firepower of the region's bailout fund.

Chancellor Merkel also left the meeting without commenting.

France has argued the most effective way of leveraging the European Financial Stability Facility is to turn it into a bank which could then access funding from the ECB, but both the central bank and the German government have opposed this.

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.