With the eyes of the world on them, Angela Merkel has arrived in Paris for crisis talks with Nicolas Sarkozy over the euro zone’s future.
The German and French leaders are under pressure to show financial markets they agree on doing more to shore up the embattled currency union. But already slim prospects of any meaningful result were further dented today with news that Germany’s economy has been performing below expectations.
Both countries have said issuing euro bonds was not on today’s agenda. As a measure to contain the debt crisis, it is something Germany has always opposed.