Sarkozy offers Greece support
French President Nicolas Sarkozy offered Greece "resolute" European support yesterday and vowed to wage a determined fight to deter speculation against the euro.
After meeting the French leader, Greek premier George Papandreou expressed appreciation for France's support as his government embarks on a severe austerity plan to reduce its massive 12.7 per cent budget deficit – but he did not rule out going to the International Monetary Fund if a European solution is not found.
Mr Sarkozy, who along with German Chancellor Angela Merkel is seeking to calm markets and bring down Greece's high borrowing costs, did not spell out any new, specific measures to help the country.