Merkel, Sarkozy plan tax, can euro zone bond idea

posted by
August 16, 2011
MarketWatch    
Posted in News

"German Chancellor Angela Merkel and French President Nicolas Sarkozy on Tuesday pledged to bolster the governance of the euro zone .... Merkel and Sarkozy said they also plan to propose in September a tax on financial transactions and a new measure to require all 17 members of the euro zone to balance their public finances before summer of 2012 .... However, the leaders rejected issuing euro-zone bonds, noting that the bonds will not resolve Europe’s problems nor help to restore confidence." (08/16/11)

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