Merkel, Sarkozy highlight financial reforms

15:01, June 15, 2010      

Email | Print | Subscribe | Comments | Forum 

German Chancellor Angela Merkel (R) and French President Nicolas Sarkozy attend a joint press conference in Berlin, capital of Germany, June 14, 2010. Merkel and Sarkozy highlighted international financial reforms and narrowed their difference on Monday. (Xinhua/Han Mo)

German Chancellor Angela Merkel and French President Nicolas Sarkozy highlighted international financial reforms and narrowed their difference on Monday.

Berlin and Paris will send a joint letter to the G20 leaders to urge for more international financial regulations, including a tax on international financial transactions, said Merkel in a joint news conference with Sarkozy after their talking.

"We're not yet satisfied with what's been achieved since the first G-20 and we think that we have to forge ahead on regulation," Merkel said.

"It must work out," when she talked about the transaction tax, as "it is a precondition to ensure to protect tax payers from having to bail out banks again."

Merkel and Sarkozy further emphasized their positions on reforming EU to promote stability and narrowed their differences on the issue of establishing a European "economic government".

Before the EU summit on Thursday, the two leaders will make a series of joint proposals aiming at "bringing about changes to the culture of stability," Merkel said.

She said both she and Sarkozy agreed that measures of sanction should be added into the current EU treaties to make sure member states live up to their financial commitments.

"An example can be removing the voting rights from those states who seriously eat their words, because EU need treaties with teeth to maintain stability and growth,"Merkel said.

【1】 【2】


  • Do you have anything to say?


Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • Giant red lantern lights up in Tiananmen Square to celebrate the coming National Day on Oct. 1. (Xinhua/Li Xin)
  • A ceremony is held in Taipei, southeast China's Taiwan, on Sept. 28, 2011, to commemorate the 2,562nd birthday of Confucius (551-479 BC), a Chinese thinker, educationist and philosopher. (Xinhua/Wu Ching-teng)
  • The world's first Boeing 787 Dreamliner for delivery arrives at Haneda airport in Tokyo, capital of Japan, on Sept. 28, 2011. The Boeing 787 Dreamliner, whose buyer is All Nippon Airways (ANA), will implement a flight of ANA on Oct. 26 from Tokyo's Narita Airport to Hong Kong in south China. (Xinhua/Ji Chunpeng)
  • A Libyan National Transitional Council (NTC) fighter shows what is believed to be human jawbone found inside a mass grave near Abu Salim prison in Tripoli, Libya, Spet. 27, 2011. The NTC on Sunday said they had found a mass grave containing the bodies of 1,270 people killed by Gaddafi's security forces in a 1996 massacre at Abu Salim prison in southern Tripoli. (Xinhua/Li Muzi)
  • Rescue workers and local residents search for survivors after a building collapsed in old Delhi, India, Sept. 27, 2011. At least 10 people were killed and 35 injured when an old three-storey building collapsed. More than a dozen people are still feared trapped under the debris, police said. (Xinhua/Partha Sarkar)
  • A visitor has flying experience in the windmill castle of Jinshitan National Holiday resort in Dalian, northeast China's Liaoning Province, Sept. 27, 2011. The castle is a 23-meter-high building with 21 meters in diameter. The castle uses wind tunnel to make objects floating in the air. It is the first indoor stadium in China, which enables people to have flying experience. (Xinhua/Zhang Chunlei)
Hot Forum Discussion