Germany, France propose to handle Eurozone debt crisis
French President Nicolas Sarkozy said on August 16 that he and German Chancellor Angela Merkel had agreed to present proposals for a tax on financial transactions by September and push for tighter joint management of economic policy.
French President Nicolas Sarkozy said on August 16 that he and German Chancellor Angela Merkel had agreed to present proposals for a tax on financial transactions by September and push for tighter joint management of economic policy.
"We want to show our determination to defend the euro and to assume the special responsibilities of Germany and France in Europe," Sarkozy told reporters at the Elysee Palace after talks with Chancellor Angela Merkel. "The German and French finance ministers will present a joint proposal for a tax on financial transactions by European financial institutions from next September."
German and French leaders at a meeting to discuss the European debt crisis (Photo: Getty Images)
The two leaders also proposed that all 17 countries in the Eurozone commit to maintaining fiscal balance and enshrine this goal in their constitutions by the summer of 2012.
In addition, the two leaders also called for the establishment of a "joint governing body" to help overcome the current debt crisis in the region.
This agency will be headed by current President of the European Union (EU) Herman Van Rompuy./.
(According to Vietnam+)
