Instant view: Sarkozy, Merkel push euro zone ties

Instant view: Sarkozy, Merkel push euro zone ties

August 16, 2011, 12:47 pm

French and German leaders proposed a tax on financial transactions and closer joint governance of economic policy to stop the debt crisis in Europe, but did not propose increasing the euro zone bailout fund or selling euro zone bonds, French President Nicolas Sarkozy said on Tuesday.