French President Nicolas Sarkozy and German Chancellor Angela Merkel Monday defended the plan for closer coordination of economic policy within the euro zone that would result in the euro group meeting for summits without other European Union members who use national currencies. They also recognized that Poland, a country particularly sour about their plan, is already playing by some of the rules they proposed for the euro zone.
“Euro-zone countries can meet separately to discuss matters relating to the euro, which only the euro group can discuss,” Ms. Merkel said at a joint press conference with Mr. Sarkozy and Polish President Bronislaw Komorowski during the recent EU summit over the weekend.
“We told President Komorowski that since the 17 states in the euro zone have a common currency, it’s normal they should meet to discuss matters related to that currency,” Mr. Sarkozy said.
Note EU-Digest: They probably have a good point for trying to get faster results within the EMU.
For more: France, Germany Defend Separate Euro Zone Summits - New Europe - WSJ
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