The Leaders Of France And Germany Proposed To Establish "Euro Zone Government" And Levy Taxes On Financial Transactions.

France International Radio 16 reported that after the French President Sarkozy and German Chancellor Merkel met in Paris yesterday, France and Germany would propose the establishment of a "euro zone government" and levy taxes on financial transactions. The leaders of the two countries seek solutions to the serious problem of multinational debt in the euro area. Germany and France will promote the establishment of a real Europe. Economics The government.

The report quoted Agence France-Presse reported that French President Sarkozy and German Chancellor Merkel held a joint press conference after the meeting. Sarkozy told reporters at the press conference that the new euro zone economic government proposed by the leaders of France and Germany will meet two times a year, led by EU president van Rompuy. The French president said we will move towards further economic integration in the euro area. In addition to the above two proposals, France and Germany will also propose that the 17 member states of the euro area adopt the public finance balance rules before the summer of 2012. This measure should be able to reduce the huge public deficit, and the huge public finance. deficit It is the root cause of the crisis that the euro zone has experienced for several months. At present, Germany has been implementing the public finance balance rule, and France is adopting this rule.

The European stock market is very much looking forward to the talks between French President Sarkozy and German Chancellor Merkel, but the announcement made by the leaders of France and Germany did not trigger enthusiasm for stock market experts, Agence France-Presse quoted a stock market source as saying that the proposals made by the leaders of France and Germany were too vague.

Reported that Merkel and Sarkozy in the talks put forward by the euro zone all countries and government leaders to form the concept of European economic government. The government, which holds two meetings a year, will be president Fan Longpei (Herman Van Rompuy) of the European Council for a term of two and a half years. Merkel and Sarkozy also said in two talks that the Congress of euro area countries should pass legislation to stipulate the government's debt ceiling. In addition, Germany and France also advise ministers of finance to discuss finance this fall. Transaction tax 。 Germany and France will study corporate taxes jointly collected in Germany and France from 2013.

Reported that for Germany's political and industry debates on the issue of Euro bonds, Merkel said before the meeting, the German government is currently not considered. Sarkozy also expressed his unanimous position with Merkel after the meeting. Many experts believe that the only way to ensure that the most difficult countries in the euro area to finance are Eurobonds.