German Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy over how to use the eurozone’s financial fire power.
Leaders will agree to set vague "indicative guidelines" measuring economic imbalances at Friday’s summit but leave details to be hammered out in 2011.
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/ 12 February 2008
Société Générale launched a discounted â,¬5,5-billion capital increase on Monday to prop up its finances and heal scars from the world’s biggest rogue trading scandal. The one-for-four rights issue at â,¬47,50 per share gives its existing shareholders a bigger-than-expected discount of 38,9% to Friday’s price.