Sarkozy plays lackey to Berlin

France's President Nicolas Sarkozy gave in to German Chancellor Merkel in every respect during their negotiations in Paris, writes the conservative daily Lidové noviny: "Only last Thursday Sarkozy was still calling for a return to democracy in the Monetary Union. Then yesterday he agreed to automatic sanctions against countries whose deficit exceeded three percent of GDP, and that the Treaty of Lisbon should be amended to that end. Paris did not succeed in pushing through any of its own ideas, neither euro bonds nor a stronger role for the European Central Bank. ... Such an automatic supervisory measure may perhaps calm the German voters, but one shouldn't expect it to renew investor confidence in the Eurozone. Even this fundamental encroachment on the sovereignty of the euro countries will not solve the serious problems facing the Eurozone."

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