The New York Times
Monday, December 5, 2011 -- 10:30 AM EST
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Sarkozy and Merkel Push for Changes to Europe Treaty
The two primary leaders of the euro zone, Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France, issued their first joint call on Monday for amendments to Europe's governing treaties to provide better economic governance for the 17 countries of the euro zone.
The leaders met over lunch at the Élysée Palace to prepare joint proposals to offer the full membership the European Union in Brussels on Thursday night. They agreed to propose automatic penalties for countries that exceed European deficit limits as well as the creation of a monetary fund for Europe. They also backed monthly meetings of European leaders.
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