US President Barack Obama and French President Francois Hollande issued a joint call for stability in the eurozone Wednesday, a day before of a key meeting of the European Central Bank.
In a statement, the French presidency said the two leaders
"expressed their common interest in growth in Europe and stability in
the eurozone" during a telephone exchange on the global economy.
Hollande emphasized France's desire for a speedy implementation of
the decisions taken at a European Union summit in June, where leaders
agreed measures to stabilize debt markets and stimulate growth, the
statement added.
The telephone call is part of a flurry of diplomatic activity in
the run-up to Thursday's meeting of the ECB's governing council.
Investors are waiting to see whether the bank will intervene in
the secondary market for Spanish and Italian debt in order to ease
those countries' crippling borrowing costs.
