Sarkozy discussing EU debt crisis with IMF's Lagarde

IMF arch Christine Lagarde has gone into talks in Paris with French President Nicolas Sarkozy on the eurozone debt crisis.The affair is allotment of a flurry of weekend activity which will additionally see Mr Sarkozy appointment Berlin for talks with German Chancellor Angela Merkel.They will altercate how to advice banks over-exposed to absolute debt.The European Commission has apprenticed affiliate states to abstract a bailout plan to restore aplomb in banking.However, Germany and France, the eurozone's ascendant bread-and-butter powers, accept yet to accede on the way to proceed.On Friday, the all-embracing ratings bureau Fitch downgraded the absolute acclaim ratings of Italy and Spain, putting fresh burden on two of the eurozone's better economies.Another agency, Moody's, downgraded 12 banks in the UK and nine in Portugal.Plans to aggrandize the eurozone's bailout fund, and accord it greater powers, were agreed in July and accept been ratified by best civic parliaments.However, these affairs are now apparent as inadequate. Further activity is now actuality discussed and leaders accept said they achievement to advertise fresh measures at a G20 affair in Cannes at the alpha of November.