Friday 9 December 2016

Brendan Keenan: Sarkozy and Merkel agree to harmonise tax policies

Ideas of larger rescue fund and collective euro bonds put on ice

Published 11/12/2010 | 05:00

The leaders of Germany and France yesterday promised to start harmonising their taxes as an example to Europe of how to avoid future crises -- a statement which may set alarm bells ringing in Ireland.

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Chancellor Angela Merkel and President Nicolas Sarkozy met in Freiburg to establish their positions in advance of next week's EU Summit.

They appeared to kill the ideas of both a larger rescue fund and the issue of collective euro bonds -- which were being hotly debated yesterday -- at least in current circumstances.

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