Extraordinary eurozone summit set for March: Sarkozy

4th February 2011, Comments 0 comments

France and Germany are proposing a special summit of eurozone leaders in March, French President Nicolas Sarkozy said at a European Unon summit on Friday.

Sarkozy made the announcement alongside German Chancellor Angela Merkel as the two announced a joint plan to tighten economic governance across the 17-nation eurozone area.

The eurozone summit would allow leaders most directly affected by moves to fix flaws in the 17-nation monetary union and boost rescue funds, to debate which economic policies would be applied right across the economic bloc.

A favoured date emerging is March 4.

© 2011 AFP

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