Angela Merkel is to address the German Parliament on how to tackle the Eurozone debt crisis this morning, with a crunch summit looming this day week.
The French President set out his stall yesterday evening in the city of Toulon, in a speech that saw Nicolas Sarkozy raise the prospect of a new treaty to deal with the single currency’s problems.
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He warned that a banking collapse would see France’s debts double overnight – and called for greater convergence between states to avoid the euro’s destruction.
Irish Times European Correspondent Arthur Beesley says the prospect of treaty change could make things difficult for the Irish government:
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