The German parliament is to discuss the latest eurozone plans in September (Photo: Jorge Franganillo)

Merkel and Sarkozy meet as Berlin rejects eurobonds

The leaders of France and Germany are meeting on Tuesday in a further attempt to stem the eurozone debt crisis following last week’s strong market turbulence, but Berlin has ruled out any mutualisation of euro countries’ debt.

German chancellor Angela Merkel will travel to Paris to meet president Nicolas Sarkozy, who last week became the latest eurozone leader to feel the pressure amid speculation that France would be next to lose its top level credit rating.

The markets will be c...

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