Sarkozy and Merkel push tax plan, closer economic coordination

Sarkozy and Merkel push tax plan, closer economic coordination

August 16, 2011, 12:35 pm

The leaders of France and Germany, under pressure to counter a debt market crisis in Europe, have agreed to float proposals in September for a tax on financial transactions and push for closer joint governance of economic policy, French President Nicolas Sarkozy said on Tuesday.