Merkel, Sarkozy seek new EU treaty to save euro

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05-12-2011 | 11:44
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Merkel, Sarkozy seek new EU treaty to save euro
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Merkel, Sarkozy seek new EU treaty to save euro
The leaders of Germany and France called Monday for a new European Union treaty to restore confidence in the euro currency and to ensure that the region's debt crisis never happens again.         

French President Nicolas Sarkozy said after a meeting with German Chancellor Angela Merkel that they would prefer a treaty agreed by all 27 members of the European Union but would also accept a treaty among just the 17 countries that use the euro.          

The new treaty should include automatic sanctions for countries that violate rules meant to keep government deficits in check.    

AP
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