Nicolas Sarkozy spoke to a press conference at the conclusion of an extraordinary gathering of Eurozone chiefs in Brussels, summoned to talk about the insinuations of Greece's financial catastrophe.

EU leaders have agreed for a monetary defense strategy in an endeavor to defend the Eurozone nations from tentative assaults as regards to the Greek debt catastrophe.

Today, the German Chancellor, Angela Merkel, and the French President, Nicolas Sarkozy, said that an "intervention unit" devised to protect financial stability in the 16 Eurozone nations would be ready by Monday when the markets reopen.

The formation of the unit that will have up to €70bn available to protect the Euro against further market conjecture arrives after the shared currency's value dropped amid fears that member countries like Spain and Portugal can go through similar debt crisis as Greece.

Today's declaration follows conformity yesterday, by the Eurozone chiefs for a €110bn (£95bn) EU-International Monetary Fund rescue deal for Greece to put a stop to its debt crisis from extending.

Declaring the stability plan Sarkozy said, "The Euro is an essential element of Europe. We cannot leave it to speculators. We will not let others undo what generations have created".