Germany, France launch new eurozone convergence plan

4th February 2011, Comments 0 comments

Germany and France proposed on Friday a plan for their eurozone neighbours to follow unified, cross-border policies in a bid to govern the 17-nation economy as one.

"We want to bring in a competitiveness pact and step by step bring about a more linear shared growth," German Chancellor Angela Merkel said in a joint declaration alongside French President Nicolas Sarkozy at a European Union summit.

© 2011 AFP

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