Merkel and Sarkozy to push for penalties for deficit violations.
By Patrick Donahue and Helene Fouquet|December 05, 2011 at 07:02 AM|Originally published on Treasuryandrisk.Com
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German Chancellor Angela Merkel and French President Nicolas Sarkozy pushed for a rewrite of the European Union’s governing rules to tighten economic cooperation in a demonstration of unity on ending the debt crisis.