It's All Over

[Owlet]

"If there isn’t a solution by Sunday, everything is going to collapse"

- French president Nicolas Sarkozy

[MineralMan]

1. Link?

When did he say that, and where?

[Rabblevox]

4. He said it yesterday, it's gotten a lot more play in Europe than the US, here's one link...

Franco-German deadlock over ECB’s role in rescue fund
French president Nicolas Sarkozy has raised the stakes dramatically in Europe's debt crisis.

If there isn't a solution by Sunday, everything is going to collapse," he told his inner circle before an emergency trip on Wednesday night to see German Chancellor Angela Merkel in Frankfurt.
The talks are deadlocked, reflecting a deep rift between Euroland's two great powers. The French fear the EU's €440bn EFSF rescue fund will not be enough to shore up monetary union without mobilising the might of the European Central Bank as lender of last resort. It is a view shared by UBS, Citigroup, RBS and the US Treasury.
Mr Sarkozy wants the fund to operate as a bank, able to leverage its rescue power by tapping the ECB's credit window. This is less likely to endanger France's AAA credit rating. Yet the idea is anathema to Germany and Bundesbank purists.

Full story:
http://www.telegraph.co.uk/finance/financialcrisis/8837424/Franco-German-deadlock-over-ECBs-role-in-rescue-fund.html

[MineralMan]

5. The quote was not in that article.

Did Sarkozy say those exact words? If so, there should be a source for them somewhere.

[Rabblevox]

8. It was the lead quote in the article, so I'm not really sure what you mean. /nt

[closeupready]

2. Is he referring to the Euro? Greece? All of the above?

[dtexdem]

7. Camping's Rapture?

;-)

[golfguru]

12. Greece will start the fall of dominoes n/t

[rsmith6621]

3. Good thing he and his wife had their baby....

...yes please supply a link...

[MineralMan]

6. That's a second-had account of the quote.

"Division still remain in the eurozone ahead of this weekend’s summit, with French President Nicolas Sarkozy telling French MPs that discussions were bogged down over whether the ECB should be used to leverage the EFSF, the eurozone’s bailout fund, with Sarkozy reportedly commenting, “If there isn’t a solution by Sunday, everything is going to collapse,” according to one of the MPs present. "

From http://dreadnoughtuk.wordpress.com/

It could easily be a paraphrase, rather than a quote. That's why we need links, so we can see whether it's really a quote or a report from someone else.

Further, every source using that quote in Google News is a blog of some kind. There are no reputable news sources using that quote.

[Rabblevox]

9. I'm sure the Telegraph would have a different take (about reputable news sources) /nt

[roamer65]

10. We'll know after Sunday.

[Warpy]

11. Now if he'd only gotten together with Camping a little sooner

the two of them might have been onto something big.

[sendero]

13. Many would say..

... "regardless of what kinds of can-kicking agreements are hashed out between the EU players, this whole thing is going to collapse".

Because really, you can't squeeze blood from a turnip and Europe is a 26 to 1 leveraged turnip.