it also has merkel and sarkozy on the front page. same newspaper as i was saying just the other day had merkel, 1, sarkozy, 0, after he conceded on how to raise funds for the esfs. here are the "financial times," focusing on italy and how the coalition of silvio berlusconi is fighting for its life after the party threatened to withdraw its support from the italian prime minister because of concessions he'd have to make here when he was cornered by merkel and sarkozy at the meeting in brussels on sunday. i also want to show you what's going on in italy and how the italians view things. this is "la repubblica which isn't as flattering about berlusconi. it says the government has reached a mini-agreement to save itself, but we won't have any pensions when we get old. and also sarkozy says the situation in italy is explosive. that's a concern that italy may become the next weak man of the euro zone to face a bailout like greece. the final one i want to show you is this one. it's the german business newspaper called "handelsblatt." it say
sarkozy has suffered a bit of a setback in that he's had to give in to angela merkel. is that the way it's seen in france? >> reporter: well, a little bit, charles. i expect with fatherhood he probably comes unbalanced. it was a difficult week for a lot of the leaders and mr mr. sarkozy in particular and the run-in he had with a couple of british ministers including a prime minister basically saying they should stick their noses out of the eurozone affairs and he seems to have lost that one because he wanted to have this meeting on wednesday that is supposed to resolve the eurozone crisis limited to eurozone members but he seems to have lost that and now going to be all 27 members of europe that will be gathering on wednesday. basically what he did say that seemed really positive was that he believes that europe is moving toward a durable and ambition solution and that was reflected in a couple of his ministers were saying saying he's convinced that europe is moving toward a resolution of the crisis and said this we know where we're going and know we want to avoid a gr
angela merkel seemed very satisfied when she went to a press conference after the summit meeting. let's listen in to one thing she had to say. >> translator: we've had long and intensive but fruitful discussions. first within the framework of the 27 countries and then within the 17 countries. i'm aware and everybody was aware that the whole world was looking at this meeting, that we can show the world how we can guard ourselves from this deep economic crisis. i think tonight we europeans have taken the right measures. >> one of the things evident in that press conference, andrew, was there seemed to be a smirk on angela merkel's face when asked about whether or not she had to arm twist the banks in europe into accepting that deal. that seemed quite interesting. you look at the german public, the one thing they are obviously worried about is whether the tax dollars or tax euros could be lost. certainly there are people who believe the risk of that, especially with these new leveraging instruments in place could be bigger than was before. andrew? >> fred, thanks very much for that.
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