
French President Nicolas Sarkozy and German Chancellor Angela Merkel are meeting to agree joint proposals aimed at resolving the eurozone debt crisis.
They will take their ideas to an EU summit on Friday that is being seen as crucial for the single currency.
Germany favours strict EU central control while France wishes to preserve more national sovereignty.
Meanwhile, two badly-hit eurozone countries, Italy and Ireland, are preparing tighter austerity measures.
In Italy, Prime Minister Mario Monti is due to seek approval for his government's plans in parliament .... Read more at http://www.bbc.co.uk