Will a

17th August 2011

The French president, Nicolas Sarkozy, and German chancellor, Angela Merkel, announced the dramatic proposals after a two-hour mini-summit.

Merkel added they had rejected for now the idea of euro bonds, which would have pooled the members states' governments' debts to reduce the overall risk of the eurozone – but neither leader ruled their use out in the future, adds the Guardian.

But is this strategy the right move?

Leave a Reply

Your email address will not be published. Required fields are marked *