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Following their meeting in Berlin on October 9, German Chancellor Angela Merkel and French President Nicolas Sarkozy announced "sustainable, comprehensive and rapid responses before the end of the month" to the debt crisis. They also promised "significant changes" to European treaties, strengthening of the European Financial Stability Fund and a "sustainable solution" for Greece. However, they did not specify the details of these solutions, particularly in regard to the recapitalisation of banks in Europe, much anticipated by the markets.
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