Sarkozy, Merkel call for eurozone summit, tighter regulation
French President Nicolas Sarkozy and German Chancellor Angela Merkel joined forces on Friday to propose holding a special eurozone summit in March as they announced plans to tighten economic regulation in the 17 nations sharing the common currency.
AFP - France and Germany are proposing a special summit of eurozone leaders in March, French President Nicolas Sarkozy said at a European Union summit on Friday.
Sarkozy made the announcement alongside German Chancellor Angela Merkel as the two announced a joint plan to tighten economic governance across the 17-nation eurozone area.
The eurozone summit would allow leaders most directly affected by moves to fix flaws in the 17-nation monetary union and boost rescue funds, to debate which economic policies would be applied right across the economic bloc.
A favoured date emerging is March 4.