Merkel and Sarkozy aim to balance budgets
In the Bundestag, even more problems seem likely to occur, never mind the German Constitutional Court.
The elected heads of France and Germany will nevertheless push for such a rule across the Euro Group.
The long discussed concept of a financial transaction tax was mentioned in conjunction with the equally time worn strengthening of "economic governance" again to be pushed by Von Rompuy.
Questioners asking about Eurobonds are being answered in the negative as far as joint and several liabilities seem to be being suggested.
My early impression, while the questions continue, is that this meeting is the damp squib I expected in my post of last weekend and the real MELTDOWN of the euro will now begin.
Why did they meet seems the main burning question.
Labels: Euro collapse, Merkel, Nicolas Sarkozy
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