Sarkozy Wants to Lead Euro Zone Until 2010
French President Nicolas Sarkozy reportedly said he wants to become president of the euro zone countries once his term as EU heads expires at the end of the year.According to the French daily Le Monde on Wednesday, Oct. 22, several advisors to the French president have confirmed this strategy. Sarkozy's ambition is based on his firm conviction that the crisis in Georgia and the financial crisis both demonstrated that Europe was in need of a strong leader. According to Le Monde, Sarkozy believes that without such an individual at the helm, the EU would never have been able to negotiate with Moscow or decide on an effective plan to rescue European banks. However, it seems unlikely that other EU countries will go along with the idea. In an interview published Wednesday in the French business daily La Tribune, German Finance Minister Michael Glos said the proposal of a single economic governance of euro zone countries was "not suitable for resolving the current problems."
Note EU-Digest: "the idea certainly has merit, or at least a compromise of the idea, whereby the 15 euro-zone leaders elect a Chairman to speak on behalf of the group".
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