Sarkozy flies to Germany for euro talks: reports

FRANKFURT (MarketWatch)
French President Nicolas Sarkozy will fly to Frankfurt later Wednesday to meet with outgoing European Central Bank President Jean-Claude Trichet, German Chancellor Angela Merkel, International Monetary Fund chief Christine Lagarde, incoming ECB head Mario Draghi and others in an effort to score a breakthrough in talks to devise a comprehensive solution to the euro-zone debt crisis ahead of a key summit meeting of euro-area leaders on Sunday, news reports said. Sarkozy told French lawmakers that a dispute over how to boost the firepower of the European Financial Stability Facility, the region's bailout fund, had stalled talks, Reuters reported.
Officials are gathered in Frankfurt for a farewell ceremony for Trichet, who leaves the ECB at the end of the month.