"The current crisis has uncovered deficiencies in the construction of EMU mercilessly," reads...

|By:, SA News Editor

"The current crisis has uncovered deficiencies in the construction of EMU mercilessly," reads the full letter from Merkel/Sarkozy to the EC President. The 2 propose quick enactment of treaty changes for stricter budget oversight and rules, not to mention more regularly scheduled summits. Whether a continent-wide financial panic can be defused with new rules and meetings remains to be seen. (earlier)