“The BBC’s report on the Franco German conference includes some key lines:
‘The French and German leaders have called for “true economic governance” for the eurozone in response to the euro debt crisis.
Speaking at a joint news conference, German Chancellor Angela Merkel and French President Nicolas Sarkozy urged much closer economic and fiscal policy in the eurozone.
Ms Merkel said that further integration would be a “step-by-step” process.
They also advocated a tax on financial transactions to raise more revenues.’
That’s the EU in a nutshell: the answer to every problem is ‘ever closer union’ and EU-wide taxation. “