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I called it a while ago in another thead... but Merkel and Sarkozy just said that countries in the Eurozone would probably have to adopt balanced budget ammendments, much like US States.

It really is the only way for the Euro to stay stable.... but is Europe ready for this level of integration... let alone this level of austerity cuts!


EDIT: Good OP Link now.

http://www.washingtonpost.com/business/markets/merkel-sarkozy-want-balanced-budget-laws-in-all-eurozone-countries/2011/08/16/gIQAyodHKJ_story.html