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Merkozy baby steps toward union

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Analysis: Europe's latest quick debt fix is inadequate.
Merkozy baby steps toward union

France's President Nicolas Sarkozy welcomes German Chancellor Angela Merkel as she arrives for a meeting on debt crisis on August 16, 2011 at the Elysee presidential palace in Paris. Markets have been watching anxiously to see whether they would agree a plan to boost confidence and tame an unprecedented sovereign debt crisis.

Philippe Wojazer