Draghi, Geithner to discuss euro crisis
A member of Swiss special police forces observes from the roof of a hotel covered in snow in Davos, January 24, 2012. The annual meeting of the WEF takes place under heavy security measures from January 25 to 29 in the Alpine resort, and will be attended by top politicians, monetary policymakers and senior business executives. A member of Swiss special police forces observes from the roof of a hotel covered in snow in Davos, January 24, 2012. The annual meeting of the WEF takes place under heavy security measures from January 25 to 29 in the Alpine resort, and will be attended by top politicians, monetary policymakers and senior business executives.
German Finance Minister Wolfgang Schaeuble and his French counterpart Francois Baroin met other leaders at the World Economic Forum on Friday to discuss solutions for the crisis engulfing the eurozone crisis.
European Central Bank chief Mario Draghi, EU Economy Commissioner Olli Rehn and US Treasury Secretary Timothy Geithner were also scheduled to weigh in on discussions at the conference in Davos, Switzerland.
As they were meeting in the mountain resort, EU affairs ministers were due to iron out remaining differences on the fiscal compact in Brussels, with the aim of getting this budget discipline pact approved at an EU summit on Monday.
Rifts within the bloc on how to solve the crisis emerged also in Davos this week. German Chancellor Angela Merkel rejected demands for a bigger German contribution to euro area firewalls, while her British counterpart, David Cameron, called for widening the rescue mechanisms. - Sapa-dpa