France says will defend euro, oppose restructurings
France says will defend euro, oppose restructurings
Updated on Saturday, May 28, 2011, 15:07

Deauville: President Nicolas Sarkozy said on Friday that France would defend and support the euro currency and believed there was solidarity among euro zone countries.

Sarkozy said the euro had not been an issue for formal discussion at a Group of Eight leaders summit in the northern French seaside town of Deauville, but some G8 delegates had talked about it. He stressed that the euro was well above its introduction level and remained strong.

Asked about his discussions with German Chancellor Angela Merkel on the euro zone economy he said: "What did we talk about? Our total, complete and unequivocal support for the euro, for its stability and for its credibility."

Sarkozy said France opposed any kind of debt restructuring, of the type some are discussing as a solution for Greece.

Bureau Report

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