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French leverage to euro fund via ECB: De Jager

BRUSSELS : A French bid to multiply the euro-zone rescue fund's firepower by turning it into a bank that could draw mone
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The plan, long championed by President Nicolas Sarkozy and the cause of tension with German Chancellor Angela Merkel ahead of face-to-face talks between the pair in Brussels late Saturday, "is no longer an option," De Jager said.

Copyright AFP (Agence France-Presse), 2011