Key Highlights From The Merkel Sarkozy Meeting

Tyler Durden's picture

Here are the key highlights for now:

  • And fade: Sarkozy says "Maybe" Eurobonds imaginable one day
  • Merkel says Eurobonds wont help resolve crisis
  • Sarkozy says not enough integration for eurobonds now
  • Eurobonds have no democratic legitimacy now, Sarkozy says
  • French president Sarkozy says proposal would elect a Eurozone president for two and a half years
  • Van Rompuy Proposed as Head of Euro Council
  • Merkel says debt brake to be anchored in German, French law. And so the take over of europe by the new axis countries: France and Germany, is complete.
  • French president Sarkozy says proposals would ask 17 Euro zone countries to put deficit limit rule in constitutions by summer 2012
  • French president Sarkozy says working on 'ambitious' joint proposal
  • French president Sarkozy says to send a joint letter to EU's Van Rompuy with proposals
  • French president Sarkozy says himself and Merkel are absolutely determined to defend the EUR
  • France, German to aim to harmonize corporate taxes from 2013
  • French president Sarkozy says proposals would ask 17 Euro zone countries to put deficit limit rule in constitutions by summer 2012
  • French president Sarkozy says France and Germany will propose tax on financial transactions in September
  • Merkel says stronger Euro needs stronger economic ties
  • Merkel says one "big bang" won't solve euro debt crisis