German and French leaders will hold summit talks in Cannes tomorrow Wednesday to discuss the debts’ crisis in Greece after Greek Prime Minister Georgios Papandreou announced that a public referendum would be held for EU’s rescue package.
The Cannes summit will also include the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF), German government sources said in press remarks on Tuesday.
The summiteers will discuss the dark cloud over the European stock markets because of the debts crisis in Greece, which casted further doubts after Papandreou’s referendum announcement.
German chancellor Angela Merkel and French President Nicolas Sarkozy spoke over the phone earlier today and agreed to meet in Cannes, said the sources.
The German and French governments are determined to implement the rescue package that was designed for Greece, said the source.
They added that Berlin and Paris were also confident that Greece would address its economic woes.