Sarkozy, Merkel call for eurozone government
President Nicolas Sarkozy of France and Germany's Chancellor Angela Merkel called Tuesday for the formation of a common government so as to help tame the eurozone debt crisis.
The body should be headed by current European Union president Herman Van Rompuy, Sarkozy said, as the leaders of the single currency bloc's two biggest economies said the 17 eurozone states should also adopt balanced budget laws by mid-2012 to stabilise their strained public finances.
"We are heading to stronger economic integration of the eurozone," Sarkozy said as he and Merkel reviewed a series of measures that could be taken to ease the debt crisis and allow the euro area to get back on its feet.
© 2011 AFP