European leaders to meet to coordinate on financial meltdown
By JERUSALEM POST STAFF
European leaders will meet on Sunday to search for a common response to the spreading financial crisis which has ricocheted across the Atlantic to their shores, and to try to preserve the bloc's unity.
It could be a complex exercise for the 15 heads of state or government of the euro-zone, where the euro currency is used, because of the varied financial landscape in each country.
German Chancellor Angela Merkel, stressing the need for a "coherent, efficient and synchronized" response, said Saturday that a "common tool box" could be the outcome.
Individual countries "could use these tools to respond to (its) particular situation," she said after a meeting outside Paris with French President Nicolas Sarkozy.
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