Bloomberg News

Sarkozy Says Summit Failure Would Have Caused Catastrophe

October 27, 2011

Oct. 27 (Bloomberg) -- President Nicolas Sarkozy said a failure of European leaders to reach an agreement to tackle the region’s debt crisis at a summit yesterday would have resulted in catastrophe.

“If there was no accord yesterday, it’s not just Europe that would face catastrophe, but the whole world,” he said on French television.

To contact the reporter on this story: Helene Fouquet in Paris at

To contact the editor responsible for this story: Mark Deen at

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