France and Germany will push in the coming weeks to overhaul economic governance in the eurozone in the wake of the Greek debt crisis, French President Nicolas Sarkozy said Thursday.

"/> France and Germany will push in the coming weeks to overhaul economic governance in the eurozone in the wake of the Greek debt crisis, French President Nicolas Sarkozy said Thursday.

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FINANCE

France, Germany push euro governance revamp

France and Germany will push in the coming weeks to overhaul economic governance in the eurozone in the wake of the Greek debt crisis, French President Nicolas Sarkozy said Thursday.

He and German Chancellor Angela Merkel “agreed that we must move forward on economic governance in the coming weeks in an ambitious and willful way,” he said after an emergency summit that agreed a new bailout of Greece.

“Our ambition is to seize the Greek crisis to make a quantum leap in eurozone governance,” Sarkozy said.

“By the end of this summer we will make common proposals concerning economic governance in the eurozone,” he said, adding that EU president Herman Van Rompuy “will make proposals in October.”

Merkel told reporters: “Recent times have shown that we must better coordinate our economic and financial policies,” adding that she and Sarkozy aimed to present joint proposals by September.

They spoke after eurozone leaders and private lenders agreed a second huge bailout of 159 billion euros ($229 billion) to contain a Greek debt crisis that threatens to spread across Europe and beyond.

Sarkozy suggested that a European credit rating agency could be set up. Eurozone leaders in their final statement Thursday said the EU should reduce reliance on external raters.

The French president has also made economic governance a key priority of his presidency of the G20 grouping of economic powers this year.

Thursday’s agreement expanded the role of the eurozone’s bailout fund, the European Financial Stability Facility, so it can buy up troubled countries’ debt.

Sarkozy said this amounted to “the initiation of a European monetary fund.”

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FOOTBALL

‘I’m fine — under the circumstances’: Collapsed Danish striker tweets from hospital

Christian Eriksen, the Danish football player who collapsed on the pitch in his country's opening Euro 2020 game, said that he was doing "fine" in an Instagram post from hospital on Tuesday.

'I’m fine — under the circumstances': Collapsed Danish striker tweets from hospital
Danish striker Christian Eriksen tweeted a picture of himself in hospital. Photo: DBU

“I’m fine — under the circumstances, I still have to go through some examinations at the hospital, but I feel okay,” he wrote in a post accompanying a photo of him smiling and giving a thumbs-up while lying in bed.

In a scene that shocked the sporting world and beyond, the 29-year-old Inter Milan midfielder suddenly collapsed on the field in the 43rd minute of Denmark’s Group B game on Saturday against Finland in Copenhagen.

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Medical personnel administered CPR as he lay motionless on the field for about 15 minutes before being carried off the pitch and rushed to hospital. He was later confirmed to have suffered cardiac arrest.

“Big thanks for your sweet and amazing greetings and messages from all around the world. It means a lot to me and my family,” he wrote in Tuesday’s post. “Now, I will cheer on the boys on the Denmark team in the next matches. Play for all of Denmark.”

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