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Sarkozy, Merkel defend euro exclusivity

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Sarkozy, Merkel defend euro exclusivity
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At a summit resuscitating the so-called Weimar Partnership between France, Germany and Poland, the bigger countries have defended their plan for closer economic policy coordination in the euro zone.

The idea raised objections from other leaders last week partly because it means countries using national currencies would not take part in euro group meetings.

French President Nicolas Sarkozy, in Warsaw with German Chancellor Angela Merkel and President Bronislaw Komorowski, said:

“France, like Germany, would like Poland to join this competitivity and convergence pact, and we have told President Komorowski that since the 17 states in the euro zone have a common currency, it’s normal they should meet to discuss matters related to that currency.”

The meeting of the Weimar Triangle, a loose association Germany, France and Poland created in 1991, was to discuss Poland’s turn at the rotating presidency of the EU, later this year, after Hungary.