Germany Downplays Merkel Meeting

Chancellor's discussion of Eurozone debt crisis with French President Sarkozy won’t produce ‘big bang.'

Investors shouldn’t expect a “big bang” when Chancellor Angela Merkel and President Nicolas Sarkozy meet in Paris tomorrow to discuss the euro-area debt crisis, Merkel’s chief spokesman said.

Joint euro bonds, which “haven’t been an issue” for Germany in the past and are still “not the right” solution now, will not be a topic for discussion in Paris, Steffen Seibert told reporters in Berlin today. He compared the expectations for the meeting to those before a July 21 summit of European leaders.

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