Negotiations progressing with banks: Sarkozy

BRUSSELS: Euro zone talks are progressing well on banks and the European Financial Stability Fund, and progress is also being made on Greece, French President Nicolas Sarkozy told a press conference on Sunday.

"Work is progressing well on the banks, on the fund and the possibilities of using this fund, the hypotheses are narrowing, and a rather broad agreement is in the process of being drawn up," Sarkozy said. "On the question of Greece, things are progressing. We haven't finished yet. We have until Wednesday."