AFP - German Chancellor Angela Merkel and French President Nicolas Sarkozy proposed on Friday a summit meeting of the euro area in March to prepare for the development of a "pact of convergence" Closer Economic European states.
"We will present the details of what we want to adopt in March during a summit of the eurozone (...) so that all observers around the world understand that all European economies is in the right direction with the interests of competitiveness, "saidSarkozy on the sidelines of an EU summit in Brussels.
"We asked (the President of the European Union Hermann) Van Rompuy to consult with other states in order to make a decision at the top end of March the European Union on the issue," said Ms. Merkel told reporters.
"That means we must first come to an agreement within the euro area," she said.
"We will explain this to our partners and we will have decisions to next March, first in a summit of the eurozone, the European Council and a" bringing together 27 countries across the EU, saidSarkozy.
"We want to strengthen Europe's competitiveness and its economy, we want to converge the various European economies," he said, "so it's a stronger integration of economic policy to serve a purpose: strengthen the competitiveness of our economies. "
