09 Jan '12, 2am

Germany, France seek to heal rift in euro unity - Straits Times

BERLIN (AFP) - The leaders of France and Germany hold the first major meeting of the year on the euro on Monday, as cracks emerge in the strategy to tackle the crisis and markets kept up the pressure on the debt-wracked zone. Chancellor Angela Merkel hosts President Nicolas Sarkozy for talks in Berlin to kick off a flurry of diplomatic activity ahead of a key EU summit on Jan 30 that leaders hope will provide new impetus to efforts to stem the crisis. However, facing an uphill battle for re-election this year, Mr Sarkozy has thrown a spanner in the works by vowing to introduce a highly controversial tax on financial transactions, on his own if necessary. 'We won't wait for others to agree to put it in place, we'll do it because we believe in it,' Mr Sarkozy said on Friday after talks in Paris with Italian Prime Minister Mario Monti.

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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