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Euro Soars On Merkozy Announcement Of Full Agreement

From zerohedge.com

Here come the latest headlines from the Sarkozy-Merkel press conference: SARKOZY CITES COMPLETE AGREEMENT WITH GERMANY REACHED FRANCE, GERMANY SEEK TO PREVENT REPEAT OF CURRENT CRISIS FRANCE, GERMANY WANT `NEW TREATY' FOR EU AUTOMATIC PENALTIES BACKED FOR BUDGET VIOLATORS, SARKOZY SAYS SARKOZY SAYS PREFERENCE IS FOR TREATY AMONG 27 EU COUNTRIES PEAN MONETARY FUND BACKED, SARKOZY SA So now all the two European heads have to do is convince the rest of Europe that abdication of national sovereignty to Merkozy is in everyone's best interest. And what would a European announcement be without a plan to plan: REINFORCED IMF ... (full story)

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