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Europe

Sarkozy, Merkel call for eurozone summit, tighter regulation

Text by News Wires

Latest update : 2011-02-04

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.

 

Date created : 2011-02-04

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