Euro Debt

France Backs German Proposal for Allowing EU Insolvencies

Angela Merkel and Nicolas SarkozyFrench officials have indicated they support the German government's proposal of a set of insolvency rules for euro zone member states. But Paris is skeptical about German plans to set up a new organization for the purpose called the "Berlin Club." The existing Paris Club of creditor nations would suffice, Paris suggests... full story


Story from SPIEGEL ONLINE
Published: 9th August 2010