Bloomberg News

EU Official Says Reports of Franco-German Split Exaggerated

October 20, 2011

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.

To contact the reporter on this story: Jonathan Stearns in Brussels at jstearns2@bloomberg.net

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


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