Oct. 20 (Bloomberg) -- Reports of French-German differences over leveraging the euro area’s rescue fund are exaggerated, a European Union official said.
EU President Herman Van Rompuy is sticking with a plan to hold an Oct. 23 summit to stem the euro-area debt crisis, the official told reporters today in Brussels on the condition of anonomity.
Newspaper Die Welt reported today that the German government doesn’t rule out a delay of the leaders’ meeting as a result of divisions over leveraging the bailout fund, the European Financial Stability Facility. The German paper cited unidentified people close to the country’s governing coalition.
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