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Germany, France push for ‘fiscal union’

Posted By admin On December 2, 2011 @ 9:41 am In Featured Stories,Tile | Comments Disabled

AFP [1]
December 2, 2011

German Chancellor Angela Merkel kicked off a crunch week of talks on saving the euro by laying out a vision Friday for a “fiscal union” in Europe, ahead of a pivotal summit of EU leaders.

A day after French President Nicolas Sarkozy said that Europe needed to be “refounded” in response to a crisis that has threatened the very existence of the EU, Merkel insisted that progress had been made.

Speaking in a hotly awaited speech in the German parliament, Merkel said Europe was “on the verge” of creating what she called a “stability union” for the 17-nation eurozone, with greater budgetary discipline and control.

“Anyone who had said a few months ago that we, at the end of 2011, would be taking very serious and concrete steps toward a European stability union, a European fiscal union, toward introducing (budgetary) intervention in Europe would have been considered crazy,” she said.

Full article here [1]


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URLs in this post:

[1] AFP: http://www.rawstory.com/rs/2011/12/02/germany-france-push-for-fiscal-union/

[2] Germany dampens hopes as France warns of euro ‘explosion’: http://www.prisonplanet.com/germany-dampens-hopes-as-france-warns-of-euro-explosion.html

[3] Eurozone debt crisis: it’s fiscal union or bust, says Pimco: http://www.prisonplanet.com/eurozone-debt-crisis-its-fiscal-union-or-bust-says-pimco.html

[4] European Fiscal Pact: Int’l. Financial Dictatorship: http://www.prisonplanet.com/european-fiscal-pact-intl-financial-dictatorship.html

[5] France, Germany to propose new EU treaty-Sarkozy: http://www.prisonplanet.com/france-germany-to-propose-new-eu-treaty-sarkozy.html

[6] Report: France & Germany Begin Talks To Break Up Eurozone: http://www.prisonplanet.com/report-france-germany-begin-talks-to-break-up-eurozone.html

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