Merkel and Sarkozy Encourage The Use Of European Fund To Help Countries In Need

Germany and France have developed a six-page joint document containing the main measures to pass in the next European Council in Brussels January 30.

Angela Merkel and Nicolas Sarkozy invited 27 members of the eurozone to a summit to “share their experiences of labor market reforms” and help the creation of jobs in the EU. Their common idea is that all national employment agencies should be able to do “a concrete offer to each unemployed: employment,apprenticeship or training” in a quick time. This measure was agreed yesterday at a national level in France in an emergency summit between President Nicolas Sarkozy, and social partners.

They also believe they have overcome the austerity and rigor and are focusing on economic growth and fighting unemployment, which affects about 24 million people in the EU.

The rulers of the two largest eurozone economies called on EU partners to reflect on the creation of a fund for growth and competitiveness which in the beginning would aim to stimulate activity in Greece, Portugal and Ireland, the three countries receiving financial assistance.

“Merkozy”, as media has dubbed Merkel and Sarkozy, also show their support for the proposal from the European Commission to launch “a common system of tax on financial transactions,” calling for greater tax cooperation of businesses to “accelerate the fiscal coordination of European companies.”

(MS)