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Sarkozy to meet Merkel on Jan 20

(Xinhua)

16:08, January 07, 2012

PARIS - French President Nicolas Sarkozy said Friday that he will go to Rome to meet with German Chancellor Angela Merkel on Jan 20.

Sarkozy made the remarks after holding talks with Italian Prime Minister Mario Monti at the Elysee Palace.

The leaders will hold a tripartite talk to prepare for an EU summit slated for January 30.

The meeting between Sarkozy and Monti came amid mounting pressure on the two major economies of the eurozone.

"France and Italy share identical views on Europe's future and how to resolve crisis of confidence," Sarkozy said.

He called on countries to carry out promised structural reforms which are fundamental to raising the level of confidence to bring interest rates down to levels that are more in line with the real economy.

Meanwhile, Sarkozy also said France was determined to implement the controversial financial transaction tax, and "will not wait for everyone else to agree."

"We will put it in place because we believe in it," Sarkozy said, adding that it was unacceptable that "financial transactions are the only transactions that are exempt from any taxation."

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