France and Germany plan joint taxation / Merkel and Sarkozy pledge to defend euro

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Series Details 17.8.11
Publication Date 17/08/2011
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Report of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy, Paris, 16 August 2011 to discuss the eurozone financial crisis.

The French and German leaders called for 'true economic governance' for the eurozone in response to the euro debt crisis. They also called for all eurozone countries to enshrine balanced budgets in their constitutions.

The two countries would urge their European Union partners to adopt a tax on financial transactions.

'Germany and France feel absolutely determined to strengthen the euro as our common currency and further develop it,' Ms Merkel said.

Related Links
Spiegel Online International, 18.8.11: What Will a European Economic Government Entail?,1518,780832,00.html
ESO: Background information: EU agrees incomplete financial package
EurActiv, 17.8.11: Sarkozy, Merkel want Van Rompuy as 'Mr Euro'
ESO: Background information: Brussels backs financial activities tax
France: President of France: Elysee Palace, 16.8.11: Video: Joint press conference by Sarkozy and Merkel
BBC News, 16.8.11: Franco-German call for 'true euro economic governance'
ESO: Background information: Germany and France rule out eurobonds
EUObserver, 18.8.11: Merkel and Sarkozy plan 'true economic government'
European Commission: RAPID: MEMO/11/557: Statement by President Barroso and Commissioner Rehn on today's proposals by President Sarkozy and Chancelor Merkel
Deutsche Welle, 16.8.11: Germany and France push for closer economic coordination in the eurozone,,15322090,00.html
France24, 16.8.11: Sarkozy and Merkel push for tighter eurozone governance
Spiegel Online international, 16.8.11: Merkel and Sarkozy Plan 'True Economic Government',1518,780630,00.html
ETUC: Press Release, 17.8.11: ETUC disappointed by the ‘Merkel-Sarkozy’ proposals and demands social partner consultation in Eurozone summits
La Stampa, 17.8.11: Nice ideas, shame about the delay

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