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December 7th, 2011 
admin Remittance Network 128 (AP) – French President Nicolas Sarkozy (Nicolas Sarkozy) and Germany’s Chancellor Angela Merkel (Angela Merkel) Wednesday (127) put forward the reform process to promote the EU treaty solution, 8 and 9, two days, EU leaders meeting in Brussels to discuss a policy to save the euro area.
Sarkozy and Merkel to the European Council (European Council) President Rompuy (Herman Van Rompuy) published a letter in the details of reform proposals, they are the leaders of 27 EU member governments issued an ultimatum said countries must decide whether to accept their national budget to implement a more stringent central control.
Two in the letter, said: “We believe that we must take immediate action, we need at the next meeting of the European Parliament decided to allow in 20,123 copies of the new agreement in place before.”
Nicolas Sarkozy and Angela Merkel said that if members decide not to modify the covenants in the euro area in the EU 17 member states will sign a new agreement outside the treaty, to strengthen the integration of the euro area level.
Euro zone sovereign debt crisis hit new pressures. Standard & Poor’s Ratings Services (Standard &; Poor’s Ratings Services) 5 Day will France, Germany and other euro-zone countries, 13 other sovereign rating on negative watch list, saying that if the EU summit held this week in Europe can not find a solution debt crisis of credibility of the program, it may be cut in the next few weeks the ratings of these countries. After a lapse of one day, the company turn the European Financial Stability Fund (EFSF) long-term AAA rating on negative watch list. This highlights the market for the euro area for a long time to resolve the crisis can not be made more and more worried about a decisive solution.
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