Sarkozy and Merkel Push for Changes to Europe Treaty
The two primary leaders of the euro zone, Chancellor Angela Merkel of Germany
and President Nicolas Sarkozy of France, issued their first joint call on Monday
for amendments to Europe’s governing treaties to provide better economic
governance for the 17 countries of the euro zone.
The leaders met over lunch at the Élysée Palace to prepare joint proposals to
offer the full membership the European Union in Brussels on Thursday night. They
agreed to propose automatic penalties for countries that exceed European deficit
limits as well as the creation of a monetary fund for Europe. They also backed
monthly meetings of European leaders.
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http://www.nytimes.com/2011/12/06/world/europe/leaders-piece-together-an-effort-to-keep-the-euro-intact.html?emc=na
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