France, Germany to press euro zone treaty change


France, Germany to press euro zone treaty change

By Yann Le Guernigou and Eva Kuehnen

Reuters

November 22, 2011

PARIS/BERLIN (Reuters) – French President Nicholas Sarkozy has embraced a German campaign for treaty change that could give European authorities intrusive powers to intervene in the national budgets of countries sharing the euro currency.

France and Germany will soon propose amendments to the European Union treaty in response to the bloc’s sovereign debt crisis, Sarkozy said on Tuesday.

“With (Chancellor Angela) Merkel, we will soon make proposals on modifying the treaties to prevent countries from diverging in the budgetary, economic and fiscal areas,” he told an Asian forum in Paris.

“We will do everything not just to defend Europe but also to consolidate it.”

Treaty change in the EU is a fraught process. France has long defended its own national fiscal and economic sovereignty and its voters rejected a proposed EU constitution in a 2005 referendum.

Click Here to Read More

About partisanrangershow

Freedom fighter
This entry was posted in Hot Topics. Bookmark the permalink.

2 Responses to France, Germany to press euro zone treaty change

  1. cullino says:

    Good article. I added a link to it from alternativeeconomics.wordpress.com

  2. Pingback: Chf | FOREX-Dollar Rises As Bernanke Says Fed Not Ready To Ease

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s