Sarkozy: ‘Failure of euro would be cataclysmic’

Friday, January 28, 2011
By Paul Martin


BRUSSELS – French President Nicolas Sarkozy has come out swinging in defence of Europe’s single currency, saying France and Germany “will never let the euro fail.”
In a keynote speech to some of the most powerful businessmen and politicians on the planet at the World Economic Forum in Davos, Switzerland, on Thursday (27 January), Mr Sarkozy attempted to kill off suggestions that the euro could splinter.
“The euro is Europe. And Europe spells 60 years of peace. Therefore we will never let the euro go or be destroyed,” he said, according to reports from the Swiss resort town.
“To those who bet against the euro, watch out for your money because we are fully determined to defend the euro.”
“Ms Merkel and I will never – do you hear me? – never let the euro fall.”
Such an event would be “cataclysmic”, he said.

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