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Merkel and Sarkozy prepare next EU summit

The Local · 2 Jan 2012, 16:56

Published: 02 Jan 2012 16:56 GMT+01:00

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The two leaders have been at the forefront of efforts to tackle the eurozone debt crisis and have met regularly ahead of EU summits in recent months.

In New Year's Eve messages, both leaders warned of a difficult year ahead for the battered single European currency after the market maelstrom of 2011.

Merkel warned that "the path to overcome (the crisis) remains long," while Sarkozy said the year was "full of risks."

At the last summit in December, leaders from 26 of the 27 EU member states agreed to back a Franco-German drive for tighter budget policing in a bid to save the eurozone.

After Britain, which does not use the euro, blocked changes to an EU-wide treaty, the other 26 EU states signalled their willingness to join a "new fiscal compact" imposing tougher budget rules.

The accord, which is to include automatic sanctions that can only be blocked by a majority of powerful states, aims to end the past practices of overspending considered responsible for the two-year debt crisis ravaging Europe.

Merkel and Sarkozy were satirised over New Year’s Eve by a television station which put them into the cult classic skit “Dinner for One”, renaming it “The 90th Euro Rescue Summit, or "Euros for No One” and portraying Sarkozy as the drunk butler to Merkel’s deluded mistress.

Story continues below…


The Local (news@thelocal.de)

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Your comments about this article

18:49 January 2, 2012 by Englishted
Germany's inflation rate last year was higher then the E.C.B. wants .

This will turn into one rule for the 2 ,and the other 24 will be closely watched in case they step out of line.
20:13 January 2, 2012 by mountbud
methinks that when 2 are dictating to the rest ,it wont be long before the euro ends its run.
13:25 January 3, 2012 by jg.
Merkel, Sarkozy and their peers remind me of King Canute, who allegedly attempted to stop the incoming tide by sitting on a beach and issuing a proclamation to the sea. If the Greeks wouldn't accept tight fiscal policy from their own elected government, why would anyone believe that they are more likely to accept even harsher fiscal policies from an unelected prime minister, taking his orders from the EC? Whilst the markets rise after each summit, it is not long before reality returns - proclamations by Merkel, Sarkozy, the EC or the ECB won't make sovereign debts magically disappear.
14:53 January 3, 2012 by coffejohn
Laurel and Hardy or Jeykll and Hyde?
17:08 January 3, 2012 by Englishted

Thank goodness they are not Adam and Eve or we would (the Human-race)would be in a bigger mess than we are.
08:29 January 6, 2012 by shahislam
Hard working entire notion of Germany need not to worry because your strength is in your mussles of arms, not in arms of army anymore.

Please! There should be no secret, even in national, International, political levels etc. and each bad guy will be caught by the digital signatures left behind, if financial crime protecting old privacy law etc. are modified. Water bomb may replace nuclear bombs and shall we need this type symbolic weapons to fight insurgents in the deserts after globally banning production, selling and use of private guns?

Negativity and brutalities are taken care of by the same things and @ 50% cosmic rule.

Do the current world's International leaders with the mentality of Bangladeshi political leaders have any idea what it is all about?

******** A Prudent US President¦#39;s wise thoughts and actions for benefiting hard working middle class portion of US public are better than what we may note from out of date political or holibooks.

Just consider: A poor country Bangladesh spends almost half of it¦#39;s annual national bugget for maintainence of it¦#39;s Military but what benefit its hard working public gets when that piece of land, ¦quot;situated in a near future¦#39;s strategically best and busiest commercial transiting spot¦quot;, desperately needs dozens of bridges and highways to conveniently connect Southern China and India with its economically profitable Bay of Bengal sea Ports.

Everybody deserves to be get paid for good work and labor but where is the money? How govt. can collect the funds? Letting higher rate govt. Taxes on fuel but make Oil price drop by more sanctions? Of course it's possible!

Secendly, catching greedy businessmen with digital proofs is easy now. Tax evading wealthy filthies all over the world are now at risk, not only kings and prime ministers of oil rich and / or third world countries but every animalistically selfish, too greedy Billionaires and Millionaires who are reaping the fruits of other¦#39;s hard labors (Unbelieavly, Some hard working labors at this era of awareness even get brutally beheaded in public by the hands of bullying thugs or country heads in the name of God, religions or primitive politics).

However, all type of blood-shed-causing Wars including old-days patriotic, hereditary egoistic, Oil money induced ones etc. are not being considered as great things anymore, unlike past, by the interconnected global new generation that has much better things to do and worried about.
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