Sarkozy, Merkel call for stronger monitoring of eurozone

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President Nicolas Sarkozy and German Chancellor Angela Merkel called for stronger monitoring of budget rules governing the 16-nation eurozone, in a joint letter published Thursday in Le Monde.

At a summit on Friday, European leaders must agree on improved surveillance and on tighter sanctions for those countries that fail to keep their deficits under control, the leaders said.

© 2010 AFP

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