Merkel, Hollande to hold talks on euro crisis

(MENAFN- Saudi Press Agency) German Chancellor Angela Merkel and French President Francois Hollande are reported to hold talks Friday about the European Central Bank's plans to launch new action to help head off the crisis in the eurozone, dpa cited media reports as saying. In particular, the French daily Le Monde reported the talks between the leaders of the eurozone's two biggest economies are expected to focus on possible moves foreshadowed by ECB chief Mario Draghi on Thursday for the ECB to shore up the government bond markets of nations at the centre of the debt crisis. This could include buying up bonds issued by nations such as Spain and Italy. However, Merkel's spokesman Georg Streiter was unable to confirm that the talks with Hollande will take place.