Sarkozy: France, Germany Want ‘New Treaty’

France and Germany want a new European Union treaty to set out rules form euro area governments, President Nicolas Sarkozy said after meeting with Chancellor Angela Merkel.

“We want it to be impossible for the deregulation that led to the euro zone’s current situation to recurr any case, we want a new treaty,” Sarkozy said in Paris. “Our preference is for a treaty of 27 but we’re perfectly ready to have a treaty of 17.”

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net

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