Obama, Hollande call for "eurozone stability"
US President Barack Obama and French President Francois Hollande issued a joint call for stability in the eurozone Wednesday, a day before of a key meeting of the European Central Bank, DPA reported.
In a statement, the French presidency said the two leaders "expressed their common interest in growth in Europe and stability in the eurozone" during a telephone exchange on the global economy.
Hollande emphasized France's desire for a speedy implementation of the decisions taken at a European Union summit in June, where leaders agreed measures to stabilize debt markets and stimulate growth, the statement added.
The telephone call is part of a flurry of diplomatic activity in the run-up to Thursday's meeting of the ECB's governing council.
Investors are waiting to see whether the bank will intervene in the secondary market for Spanish and Italian debt in order to ease those countries' crippling borrowing costs.