Posted in: spread-betting
RE: Trading/Spreadbetting board5 Dec 2011 14:36
Sarkozy: Complete agreement with Merkel reached; being sent to Van Rompuy Wednesday
Written by Jamie Coleman
December 5, 2011 at 14:26 GMT
Seek to avoid repeat of crisis
Proposal will mean treaty modification, ideally with EU-27, could also mean treaty of EU-17
Automatic sanctions for failing to meet 3% of GDP budget rule
Reinforced IMF role sought
European monetary fund backed
Wants ESM brought forward to 2012
Want ECB independence
Euro bonds are in no way a solution to the crisis (a win for Berlin)