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

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John McCloy's picture

Are these guys cracked? And when they get ousted and people do not want a Euro President than what? 

clymer's picture

"Van Rompuy Proposed as Head of Euro Council"

so much for elections. Just let the entrenched banking establishment assign your leadership for you. And tell you how much of your labor will get paid directly to them, in exchange for giving them the dreaded responsibility of being able to print your currency - on demand, and backed by nothing.

When is this old rock going to wake up and re-institute the guillotine

hackettlad's picture

It's all Sarkozy - what does Merkel have to say?

AnAnonymous's picture

When are the reelections of Merkel and Sarkozy?

Maybe, suddenly, out of a miracle, once they are reelected and their position secured, the eurobonds will gain the required democratic legitimacy, just like that, by enchantment.

M.B. Drapier's picture

Sarkozy was apparently hot for Eurobonds going into this summit process, so the sudden words of concern about democratic legitimacy and so on are probably all Merkel's, even if they come out Sarkozy's mouth.

TradingJoe's picture

So in essence NOTHING!

A Man without Qualities's picture

"full of sound and fury, signifying nothing."

Spirit Of Truth's picture

European leaders just want to reemphasize that all is well and investors should remain calm.

AlaricBalth's picture

"After all is said and done, a lot more will have been said than done."

AnAnonymous's picture

Why nothing?

Eurobonds is a big story. A big step. They are trying to play the US playbook to dissolve peoples.

The eurobond creation will be coupled to the creation of a European people and the dissolution of the former european peoples.

It is big.

This possibility hitting the public political scene, being weighted, being evaluated, is already a big step.

You cant expect a nation to vote itself into oblivion after one single night thinking about it.

That is marketings. They are creating the desire of it. It takes time.


Ratscam's picture

hahaha was für ein Kasperltheater

TradingJoe's picture

Hah, war das nicht immer so?! BR und BT werden es nicht zulassen, hoffe ich zumindest!

baby_BLYTHE's picture

What is the point of any of these meetings when nothing ever gets solved? It is a total waste of everybody's time.

nonclaim's picture

I'd really like to hear an audio leaked from these meetings...

baby_BLYTHE's picture

 I bet they speak on economic matters for 5 mins. The rest of the time is spent discussing fine wine and vacationing with other members of the elite

sulfur's picture

They talk about nothing they just try to memorize these shitty statements some fucking rothshild bastard prepared for them - by the way looking at the quality of the actors these days some of our fellow sheeple call politicians its pretty obvious that they cant even afford good puppets anymore

FeralSerf's picture

These last ten years have proven beyond a shadow of a doubt that our owners don't need good puppets.  Just about any will do, so why risk having someone who actually knows his ass from fat meat?  He might bite.

mudduck's picture

Excerpt; Insert name and alternate speaker, Merkel or Sarkozy, doesnt matter; 'It's your turn to blow me.' 'No, it's your turn to blow me.' Repeat until Van Rumpboy calls and tells them what to say the meeting was about.

Idiot Savant's picture

It's a "feel good" world and very few people want the truth. People want to believe that something can and will be done; that's what these meetings provide. Just look at all the terminally ill, stage four cancer patients who waste their final months in agony due to chemo. People want hope, even when there is none.

unwashedmass's picture

is it me, or is this so much nothing?


kilters's picture

So, promises of another politician and vague proposals.

That was worth waiting for.

firstdivision's picture

L-0-Fucking-L! Good luck selling this to your repected consituents.

pesamystik's picture

Haha, One World Government. Can we just get it over with an elect the President of the World? Once mars gets done bailing us out, I hope we settle down and issue a joint Mars-Earth bond, because I will definitely invest in that.

oogs66's picture

obama could be looking for a job soon, since Europe likes him so much, maybe he can be world head

DosZap's picture


"obama could be looking for a job soon, since Europe likes him so much, maybe he can be world head"

Uh, AntiChrist?..............Head of U.N. first, and graduates?.LOL

j0nx's picture

Elect?? More like appoint. Elections are for free people.

pappyhlace's picture

algos gone wild - how the f do u trade this tape...

TradingJoe's picture

you pick one side and stick with it:))

eurusdog's picture

The tighter the seperate countries become, the more destructive the outcome. Go EUROBONDS!

Quintus's picture

I'm struggling to see how any of this has even the most tangential relationship to the actual problem of internal Eurozone debt dynamics and rapidly slowing economies.

It is just me or should Merkel and Sarkozy just have made better use of their time and gone out to see a movie or something?  What a waste of a day.

narnia's picture

these idiots aren't trying to solve the problem.  they are 100% vested in keeping the EUR together, and are channeling hank paulson. 

most people outside of the banking community in Europe remember life before the EUR.  certainly, going back to sovereign debt & soverign currencies is a better solution than allowing the cancerous tail to spread to the heart of the continent.  

breaking this thing up in a continential bankruptcy proceeding will be less problematic than having it implode...  the same thing being true in the US.  

falak pema's picture

Euro at the cross roads and... in the cross fires of US Hfs on the rampage. Can't get more catastrophic than that for the world capitalistic system. Its the mad hatters party in the race to the bottom. Kill one, you kill em all, as they are so incestuous in bunga-bunga derivative play, its a real orgy of interconnected ass holes. 

Greece bashing and then Italian bashing, then French bashing of banks and...whooom, swooosh...all the banks fall, every where. 

buzzsaw99's picture

Merkel is Sooo GONE!

Sudden Debt's picture











whirlybird rules's picture

..     and then, Van Rompuy would be perfect for the job..  he's an idiot executing a fool's errand for a band of pirates.  

NotApplicable's picture

Maybe you should move to Greece?

vocational tainee's picture

My dear belgium, you can see, europe is not much of a difference to us ,when it comes to politics...

slewie the pi-rat's picture

@ sodden doobt:  i've been away today, catching up;  when i read that, you came to mind.  i'm not sure what your laws are;  i don't even know mine;  but, don't commit any felonies, ok? 

oogs66's picture

more polticians, more debt, yeah, all good...joke

Boilermaker's picture

Time to jack the shit out of the markets as a show of 'CONFIDENCE' for the people.

eurusdog's picture

Markets collapsing, now you know why they waited until the European houses were closed.

Racer's picture

Tax on financial transactions?

So I pay a bill using my bank account  that is a financial transaction so it is going to be taxed? Hmmm, I will do everything with cash from now on and stuff the banksters and governments

luigi's picture

No, I think they mean financial transaction on the bourse: earnings from stock's and derivate's trading and such.

Racer's picture

I thought it was, but it will go down nicely with the scalpers and frequent traders though HA HA

Moog's picture

... and ordinary citizens who invest in stocks, bonds, etc in order to protect their wealth in real terms?