Leaders of the three biggest Euro zone economies meet in Strasbourg on Thursday in a bid to resolve their differences on how to handle debt crisis matters European.
President Nicolas Sarkozy of France will host the Chancellor Angela Merkel’s Germany and Italy Mario Monti-Prime Minister who took office last week after worries over the reform plan Rome forced out his predecessor Silvio Berlusconi.
Together they will figure out a way to “speed up” the block 17 State bid to soothe the bond market by implementing the reform of government finances, such as the crisis threatened to spread to Spain and the core of the euro zone.
Sarkozy has additional goals: with five months before he seeks re-election he was risking its credibility which the French keep AAA credit, despite a warning from agencies that are under threat.
Germany, the eurozone is still considered the strongest economies, has so far escaped the rage market but the long-term economic health depends on the EU’s trading partners to reduce their deficits and stabilize the economy.