Friday, November 25, 2011

Merkel, Sarkozy, Monti meet to try to stem crisis

German Chancellor Angela Merkel gestures during her speech of the budget debate at the German Federal Parliament, Bundestag, in Berlin, Germany, Wednesday, Nov. 23, 2011. Germany's chancellor says Greece can only receive its next batch of bailout loans if all parties supporting the new government in Athens commit in writing to the conditions attached to a separate aid package. (AP Photo/Michael Sohn)

German Chancellor Angela Merkel gestures during her speech of the budget debate at the German Federal Parliament, Bundestag, in Berlin, Germany, Wednesday, Nov. 23, 2011. Germany's chancellor says Greece can only receive its next batch of bailout loans if all parties supporting the new government in Athens commit in writing to the conditions attached to a separate aid package. (AP Photo/Michael Sohn)

Italy's Prime Minister Mario Monti, addresses the media, at the European Council building in Brussels, Tuesday, Nov. 22, 2011. New Prime Minister Mario Monti met top European Union officials to discuss Italy's financial difficulties and his proposals to keep one of the EU's founding members from sinking the euro. (AP Photo/Yves Logghe)

(AP) ? The leaders of Germany, France and Italy are set for debate on the European Central Bank's role in the region's debt crisis and on how to align eurozone economic policies.

It's the first time Italy's new prime minister, Mario Monti, is meeting German Chancellor Angela Merkel and French President Nicolas Sarkozy since Monti took charge last week, amid market panic about Italy's huge debts.

The meeting in Strasbourg, France on Thursday comes amid signs that even Germany and France ? the eurozone's biggest economies, and key to bailouts of weaker countries ? are also under strain.

Sarkozy's government is pushing for the ECB to play a more active role, something that Merkel strongly opposes.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-11-24-EU-Europe-Financial-Crisis/id-abcdb704463a4455941befc27cdda409

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