September 22, 2011

Sarkozy told Obama euro zone to end crisis: source

French President Nicolas Sarkozy assured U.S. President Barack Obama on Wednesday the euro zone intends to resolve the euro crisis and support Greece, a French presidential source said.

The source, speaking on condition of anonymity, added the two leaders, who met in New York on the sidelines of the annual U.N. General Assembly session, also discussed the idea of including the Chinese yuan in the International Monetary Fund's special drawing rights (SDRs).

European stocks fall on Greek crisis

LONDON — European equities and the euro fell on Wednesday on fresh concerns over banks' exposure to indebted Greece, but losses were capped by expectations of more stimulus measures from the US Federal Reserve.

London's FTSE 100 index of leading shares slid 0.37 percent to 5,344.07 points in midday deals, Frankfurt's DAX 30 lost 0.98 percent to 5,517.05 points and in Paris the CAC 40 dropped 0.87 percent to 2,958.16.