Germany insists on new treaty for Europe / EU leaders braced for summit  battle

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Series Details 8.12.11
Publication Date 08/12/2011
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Features discuss the immediate lead-up to the crucial European Council summit, Brussels, 8-9 December 2011 which was to attempt to agree a comprehensive solution to the eurozone debt crisis.

Germany and France urged EU partners to take immediate action to contain the region's debt crisis amid signs of divisions over the measures needed.

Germany insisted on the 7 December 2011 that its European partners must undertake the politically fraught process of changing European Union treaties, or at least accepting a binding new eurozone accord, to bring stability to the single currency and restore the confidence of investors.

However, Herman Van Rompuy, European Council President, insisted on the same day that tougher fiscal discipline could be enforced without a full-blown treaty overhaul.

According to a senior EU official, José Manuel Barroso, the European Commission President, called every EU leader ahead of the summit to warn them that if they agreed to change the treaties, they had better be prepared to deal with the consequences.

The summit was likely to expose fundamental fault-lines that had been papered over for years within the eurozone countries and the other EU Member States.

For example, EUObserver reported that Finland on the 8 December 2011 objected to a Franco-German plan to make decisions on using the eurozone bail-out fund easier (bu using majority voting), saying it was an 'alarming' move.

Related Links
EUObserver, 8.12.11: Finland objects to loss of veto over EU bail-outs
Deutsche Welle, 9.12.11: Eurozone nations plan to go it alone, decide against treaty change,,15586246,00.html
Spiegel Online International, 7.12.11: Four Ideas to Save the Common Currency,1518,802299,00.html
Spiegel Online International, 8.12.11: Chancellor Merkel's Difficult Battle in Brussels,1518,802444,00.html
ESO: Background information: Ten crucial days in race to save euro
Spiegel Online International, 8.12.11: How About Some Humility, Frau Merkel!,1518,802515,00.html
ESO: Background information: France and Germany agree new rules / S&P downgrade threat reveals frustrations
El País, 8.12.11: Farewell sweet sovereignty... (via PressEurop)
Libération, 8.12.11: The economic order that inspires Merkel (via PressEurop)
European Council: Eurozone Portal
EurActiv, 8.12.11: Treaty change: What the Parliament thinks
EUObserver, 8.12.11: Stop criticising Merkel, Danish PM says
EUObserver, 7.12.11: Legal gymnastics cause confusion in Brussels
EurActiv, 8.12.11: Van Rompuy tables blueprint for eurozone 'fiscal pact'
BBC News, 8.12.11: Eurozone crisis: Leaders ready for 'do-or-die' summit
Deutsche Welle, 8.12.11: Merkel and Sarkozy call for immediate action in eurozone crisis,,15585403,00.html
France24, 8.12.11: Sarkozy and Merkel vow to secure eurozone deal
EurActiv, 8.12.11: Franco-German 'stability pact': A coalition of the willing to save the euro?[
EurActiv, 8.12.11: Centre-right parties cook pre-summit deal
EUObserver, 8.12.11: Turkey to EU: say goodbye to democracy and start printing money

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