| Author (Person) | Atkins, Ralph, Carnegy, Hugh |
|---|---|
| Series Title | Financial Times |
| Series Details | 2.12.11 |
| Publication Date | 02/12/2011 |
| Content Type | News |
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Article reported that a last-ditch rescue plan for the eurozone had started to take shape at the beginning of December 2011 after ECB President Mario Draghi hinted that a 'fiscal compact' could pave the way for a more aggressive European Central Bank response to the eurozone's escalating debt crisis. The 'fiscal compact' would be between the 17 eurozone members to enforce much stricter budget discipline and debt control throughout the monetary union. The leading players in the negotiations to deal with the eurozone debt crisis were Angela Merkel, German Chancellor, Nicolas Sarkozy, French President, Mario Monti, Italian Prime Minister, and Mario Draghi, President of the ECB, plus Herman Van Rompuy, the European Council President. Ms Merkel and Mr Sarkozy promised to submit joint proposals for EU treaty changes on the 5 December 2011 in advance of the European Council in Brussels on the 8-9 December 2011. |
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| Subject Categories | Economic and Financial Affairs, Politics and International Relations |
| Countries / Regions | Europe, France, Germany |
