Merkel-Sarkozy summit to aid banks | Bangkok Post: breakingnews

The leaders of France and Germany, the eurozone's top economies, hold a summit here Sunday to find common ground on a plan to recapitalise banks amid rampant fears of a crippling credit crunch.

German Chancellor Angela Merkel and French President Nicolas Sarkozy, pictured earlier, are to hold a summit on Sunday aimed at finding common ground on a plan to recapitalise banks, crucial for digging the eurozone out of crisis.

German Chancellor Angela Merkel will meet French President Nicolas Sarkozy in the face of evidence that some European banks are creaking under the strain of the mounting debt crisis which has pushed Greece to the brink of bankruptcy.