FRANKFURT (MarketWatch)
Germany, France and Italy respect the European Central Bank's independence and won't make demands on the institution as they take steps to address the euro-zone debt crisis, French President Nicolas Sarkozy told reporters after meeting with German Chancellor Angela Merkel and Italian Prime Minister Mario Monti in Strasbourg, France.
Sarkozy said Germany and France would propose treaty changes aimed at strengthening sanctions against members that violate euro-zone rules before a Dec. 9 summit.
Merkel again criticized calls for the issuance of euro bonds, saying that common interest rates for all euro-zone borrowers would send the "wrong signal."
Monti affirmed that he would stick to the previous government's plan to balance Italy's budget by 2013
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Billie, with academic training in Fundamental Mathematics and professional experience in Large Multinationals in the Information Technology sector, having held positions in high-level management positions, maintains that it is time to reduce Unproductive Public Expenditure and help the Private Sector in everything that is possible.
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