Saturday, August 8, 2009

European Leaders Meet to Address Crisis


French President Nicolas Sarkozy said that he expects Sunday’s meeting of 15 European leaders to produce a united coordinated plan to battle the effects of the current financial crisis. Decisions made by leaders of Eurozone countries will be submitted to the 12 remaining European Union countries at a planned European Union summit Wednesday. Said French President Sarkozy, “I expect an ambitious, coordinated plan that brings solutions.” Currency markets have been in disarray but the US dollar is holding steady and many investors are flocking to the dollar for the safety and Forex opportunities it provides in times of crisis.

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