United we stand, divided we fall... Freedom Loving American Patriot, Patrick Henry

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BENJAMIN FRANKLIN replied: “A Republic, if you can keep it.”

News And Comments

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Sunday, October 26, 2008

EUobserver

"Sarkozy in fresh call for eurozone 'government'

EUOBSERVER / BRUSSELS - French president Nicolas Sarkozy on Tuesday (21 October) renewed calls he made last week for the creation of an 'economic government' for countries using the euro, in order to react better to crisis situations such as the current global financial turmoil.

'It is not possible for the euro zone to continue without a clearly identified economic government. We cannot go on like this,' Mr Sarkozy, whose country currently holds the rotating EU presidency, told MEPs gathered for a plenary session in Strasbourg.

'It is a funny idea to think that we can have the same bank [ECB], the same currency, the same market and that speaking of a [common] economic policy is not good. Honestly, it is a curious idea,' he said."

..."we will not be able to go on for eight more years without gathering the eurogroup at the level of heads of state and of government. I think it is not reasonable."

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