Few differences were ongoing between Germany and France to combat the continent’s debt crises but fortunately all the issues have now been resolved and termed under a make or break summit of EU leaders in the market on Thursday.

A big pressure was mounted post the last seven hours talk between the leaders of the Eurozone’s biggest economies, which was held in Berlin on Wednesday as it necessitated a big need for the countries to get some quick and wide-ranging solutions to Greece’s debt problems in order to prevent the spread of the crisis to other much bigger economies including Spain or Italy.

Earlier in the week, there were indications of no solution emerging but despite all the fears a deal was signed between German Chancellor Angela Merkel and French President Nicolas Sarkozy.

In context to which, a statement was released on early Thursday, in which Sarkozy’s office said that “the two reached agreement on a common Franco-German position”.

The news of agreement was also confirmed by Merkel’s spokesman, Steffen Seibert, who further added in his statement that the situation was also extremely discussed with the European Central Bank President Jean-Claude Trichet and, over the phone, with EU President Herman Van Rompuy, though no more details were provided by Seibert on the agreement either.