Sarkozy: “We will fight to defend Europe and the euro”

With apologies to Moochin, here’s the real POTD [of the week? – Ed] when the Greek Prime Minister, George Papandreou, had his card marked at Cannes by Frau Bundeskanzlerin.  Via Daniel Hannan at the Telegraph blog. Italy have called in the International Monetary Fund (IMF), but no money has changed hands, according to Berlusconi… Answering questions at a press conference in Cannes this afternoon, Mr Berlusconi said he had no intention of resigning and did not believe his time in government was coming …

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Euro crisis: “It is a debt crisis but a crisis, too, of legitimacy.”

Credit ratings agency Moody’s has downgraded two major French banks ahead of crisis talks between President Nicolas Sarkozy, German Chancellor Angela Merkel, and Greek Prime Minister, George Papandreou.  BBC business editor, and still everyone’s hero, Robert Peston explains why.  And Greece isn’t their only concern.  Nor are they the only ones taking an interest.  [Adds – More on the interest elsewhere].  The Guardian’s business blog is live-blogging today’s events… And, even though they “know how difficult a treaty change will be”, that’s precisely what …

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Euro crisis: Come on in, the water’s lovely…

Croatia got an invite to join the European Union party, as EU leaders cornered the under pressure Greek Prime Minister, George Papandreou, ahead of next week’s crucial Greek parliamentary vote on the latest bail-out.  Arthur Beesley in the Irish Times FOR THE fourth time this year, EU leaders gathered in Brussels last night to plot the next step in the sovereign debt emergency. They have declared victory many times before. None is inclined to suggest they are winning now. The mood …

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