ECB opens door to action, Sarkozy seeks new treaty

BRUSSELS/TOULON, France (Reuters) - The new head of the European Central Bank signaled on Thursday it stood ready to act more aggressively to fight Europe's debt crisis if political leaders agree next week on much tighter budget controls in the 17-nation euro zone. In France, President Nicolas Sarkozy called for a new treaty incorporating tougher budget discipline, a European Monetary Fund to support countries in difficulty and decisions in the euro area taken by majority vote instead of unanimity. ...

Source: http://news.yahoo.com/ecb-hints-action-euro-zone-adopts-fiscal-pact-111143241.html

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