France and Germany push for new EU treaty - by Dave Clark

France and Germany will push for a new European Union treaty to impose tough budgetary discipline on the debt-ravaged eurozone, President Nicolas Sarkozy has declared.

The French leader was to meet Britain's Prime Minister David Cameron today to discuss the crisis and then Germany's Chancellor Angela Merkel on Monday to agree a joint Franco-German proposal to save the single currency.

Then, on December 8 and 9, all 27 European leaders will meet at the EU Summit in Brussels, a meeting which some observers have billed as their last chance to restore the credibility of eurozone economic governance.

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