Monday, January 9, 2012

Merkel, Sarkozy stress growth a priority in crisis (AP)

BERLIN ? The French and German leaders are stressing that they view boosting economic growth a priority as they push through with efforts to stem the eurozone's debt crisis.

Chancellor Angela Merkel and President Nicolas Sarkozy said Monday that Europe should compare countries' labor market practices and learn from the best; and they called for European funds to be used in a way that create jobs.

Both leaders also said they're prepared to consider speeding up payments into the 17-nation eurozone's permanent rescue fund, the European Stability Mechanism, in an effort to bolster confidence.

They're calling for a quick conclusion to negotiations on a new treaty enshrining fiscal rules.

Still, Merkel says that resolving the crisis will be "step-by-step ... there's no single-dimension solution."

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20120109/ap_on_bi_ge/eu_europe_financial_crisis

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