Saturday 25 February 2012

The French and German leaders to form a solid front to keep the proposals


French and German leaders said the economic growth and job creation the most important European priorities for the year 2012,. French President Nicolas Sarkozy and German Chancellor Angela Merkel also defended the controversial proposal to tax on financial transactions at a meeting in Berlin on Monday.

The French and German leaders to form a solid front to keep the proposals, including fiscal discipline, but the efforts to create the sluggish economy, revive European jobs and make Europe more competitive.

In statements published in a press conference in Berlin, said German Chancellor Angela Merkel that Germany and France are determined to strengthen the finances of the euro area, has 17 members, at the same time to stimulate growth. It aims to stabilize not only to the euro, he said, but a strong, modern and competitive Europe to create.

Merkel and French President Nicolas Sarkozy has also tried to inject more capital into a European rescue fund to fulfill its promise of reforms Greece and European politicians to act quickly in the search for solutions to debt and banking crisis.
Maruani analyst Laurent, HEC Paris, said the two leaders are determined to present a unified front.

"Now that they train and by printing in Europe in all directions, can not go back. Take a step back would be a disaster for them," said Maruani.

Merkel and Sarkozy also approved a controversial idea of ??a tax on financial transactions that Sarkozy promised, has to move forward if they receive no support from EU members.

The French president said that the financial officers are responsible for paying the € zone as in the present crisis must. If France does not push through taxes, he said, not the idea can be done.

European government bonds and bank crisis dominate the EU agenda for much of 2011, and will not disappear quickly. France and Germany with the threat of a possible downgrade of its credit rating after the sickest economies in similar sections, such as Spain and Italy compared.

On Monday, German investors have short-term debt to negative interest rates fell for the first time, the euro bought at the lowest level in months against the dollar - another sign of nervousness in financial markets during the


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