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non-gravity said:
Do you have a source as to what Merkel and Sarkozy have said? I can't see any news popping up yet

Probably can find one... was watching the press conference live on CNBC.

This mentions it

http://blogs.wsj.com/marketbeat/2011/08/16/live-blog-merkel-and-sarkozy-speak/

 

Here's another

http://www.thejournal.ie/france-and-germany-merge-corporate-tax-rate-and-call-for-eurozone-government-202816-Aug2011/

 

Eurobonds/Balanced Budget ammendments.....

Basically the Euro Zone would practically become the USA, but a USA more how republicans would like it amusingly.