French President Nicolas Sarkozy will host a summit in Paris Saturday aimed at coordinating European positions on the global financial crisis, the French presidential office announced on Thursday.
Leaders from France, Germany, Britain and Italy, as well as European Commission President Jose Manuel Barroso, European Central Bank President Jean-Claude Trichet and Eurogroup Chairman Jean Claude Juncker will attend the summit, the office said.
The summit is designed to coordinate positions of the EU members of the Group of Eight (G-8) -- France, Germany, Britain and Italy -- on broader talks on the financial crisis with other G-8 members.
Media reports quoted sources from several European governments as saying that France, which currently holds the rotating EU presidency, backed the idea of creating a special fund of some 300billion euros (413 billion U.S. dollars) to rescue any crisis-hit European bank.
Sarkozy, however, denied the reports Thursday, saying no such fund was under consideration and no EU-wide bailout was in the works.
Source:Xinhua
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