Euro Gains After German and French Show Commitment to Overcome Crisis

German Chancellor Angela Merkel and French President, Nicolas Sarkozy, promised to explain the new plans later this month, as an effort to save Greece from the storm crisis still not finished. In addition, they also agreed to conduct rekapilatisasi against European banks. Merkel and Sarkozy also promised to prepare a plan to accelerate economic growth in the European zone which is scheduled to be brought to the G20 meeting in Cannes on 3 November. Merkel and Sarkozy's statement this makes optimistic stock market and the euro rose sharply against the USD.

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