German Chancellor Angela Merkel called on the euro zone to accept a strict regimen of legally binding budget discipline, ahead of another European summit next week that many hope will be a turning point in the euro crisis.
Ms. Merkel's first challenge, however, is to overcome her differences about the way forward with French President Nicolas Sarkozy at a meeting in Paris on Monday.
Ms. Merkel is—so far—defying pressure from Mr. Sarkozy to stop the capital flight from euro-zone government bond markets by resorting to radical measures, such as giving a green light to the European Central Bank for massive ...
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