Europe crisis: Hopes of Sunday 'Big Bang' deal frayed

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A decision - scheduled for Sunday - on whether to boost the eurozone's €440bn rescue fund has been delayed due to fresh disagreement between France and Germany about how to address the debt crisis.

French President Nicolas Sarkozy and German Chancellor Angela Merkel were due to meet at the European Council summit this weekend to discuss their "ambitious and comprehensive response" to the crisis. However, EU officials later said resolutions would be finally adopted at a second meeting "no later than Wednesday". The Telegraph reports on insider claims Sunday's summit of European leaders came close to being cancelled altogether, with Sarkozy having to beg Merkel not to pull the plug during what it said were "frantic" telephone calls. The deadlock relates to discussions over ways...

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