European Union will hold second summit Wednesday because of impasse between Germany and France on rescue fund
Oct 21st, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The European Union will hold a second summit Wednesday in addition to its meeting this Sunday because of an impasse between Germany and France over extending the financial muscle of the European Financial Stability Facility (EFSF) -- the Eurozone rescue fund. According to media reports, Sarkozy and Merkel discussed the plan to hold a second summit on Wednesday night.