Merkel Says Budget Rules May Be Fast-Tracked to Stem Crisis
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Euro-area leaders may complete their new budget rulebook by Jan. 30, one month ahead of schedule, and are considering accelerating capital contributions to the bailout fund being set up this year to stem the debt crisis.
German Chancellor Angela Merkel and French President Nicolas Sarkozy outlined the increased pace of their response as the financial crisis that began in Greece in 2009 entered its third year amid concern that the future of the single currency itself was in doubt.