France, Metropolitan

Eurozone Stability Now in the Hands of France and Germany

The president of France, Nicolas Sarkozy, discussed the urgency of unity in the Eurozone in order to promote economic recovery. He claimed that Europe’s response to the current debt crisis hasn’t been fast enough. Sarkozy explained that France and Germany would team up in order to encourage a new European treaty to help bring the nations together and work together toward an improving economy. Sarkozy speculates that if the Eurozone cannot unite in the near future, the Eurozone will be split into two factions: one faction that is moving toward integration and unity in the Eurozone, and the other faction for promotion of a confederation in the EU.

Although France and Germany have partnered up and agreed on most things related to the current economic crisis, Sarkozy is adamant about not allowing national budgets to be approved and regulated in Brussels. This is a simple, yet strong sign to other countries in the Eurozone. How can the Eurozone create unity when two major states cannot even come to an agreement? Before France and Germany decide to create a system to help out the Eurozone, they need to go into further discussion about their plans and come to agreements amongst themselves. One of the key points in Sarkozy’s speech is that any and all doubt in the Eurozone must be eliminated. France’s partnership with Germany should help out with that so long as the two states have faith in each other to help ensure the Eurozone’s future.

Liberal

http://www.lemonde.fr/election-presidentielle-2012/article/2011/12/01/pour-nicolas-sarkozy-l-europe-n-est-plus-un-choix_1612121_1471069.html#ens_id=1595324

http://www.bbc.co.uk/news/world-europe-15991031

December 1, 2011 at 3:52 pm