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Rzeczpospolita - Poland | Thursday, December 8, 2011

Explosive letter from Merkozy

In a letter to EU Council President Herman Van Rompuy, German Chancellor Merkel and French President Sarkozy called on Wednesday for changes to the EU treaties in a bid to bring the debt crisis under control. But potential conflicts lurk behind the unclearly formulated demands, the conservative daily Rzeczpospolita fears: "The letter contains passages that could cause turmoil. It is suggested that the 17 countries of the Eurozone as well as other 'states that want to' could sign the new treaty, but not necessarily all 27 EU member states. Secondly: the letter contains a proposal for automatic sanctions against countries whose government deficit exceeds three percent [of GDP]. But careful! The euro group can reject the sanctions in a vote. The upshot is that no automatic sanctions will be introduced."

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