Eurozone members to hold summit on financial crisis

Eurozone countries will hold an urgent summit meeting on Sunday to discuss ways to respond to the worldwide financial crisis, French officials said tonight.

French President Nicolas Sarkozy’s office said national leaders are to join European Union Commission President Jose Manuel Barroso and European Central Bank (ECB) chief Jean-Claude Trichet for the meeting in Paris.

Mr Sarkozy’s office said in a statement tonight that the meeting is designed “to define a joint action plan” among the 15 countries using the euro currency and the ECB.

France called the meeting as current holder of the European Union’s rotating presidency.