Paris - The heads of state and government of the eurozone countries plan to meet Sunday in Paris for a summit on a way out of the global credit crunch engulfing their shores, the Elysee Palace said in a statement Friday.

"Aim of the meeting is to define a common plan of action for the eurozone nations and the European Central Bank to confront the current financial crisis," the French statement said.

France is the current president of the European Union. (dpa)