EU seeks to save the euro, but S&P isn't convinced (AP)

[TimesTen]

<p><a href="http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20111206/ap_on_bi_ge/eu_europe_financial_crisis"><img src="http://d.yimg.com/a/p/ap/20111205/capt.e44956db93044f468e0c8502e5656f68-e44956db93044f468e0c8502e5656f68-0.jpg?x=130&y=85&q=85&sig=EzS.oSVJX9LZiARyfft6ZQ--" align="left" height="85" width="130" alt="French President Nicolas Sarkozy, left, smiles as he greets German Chancellor Angela Merkel prior to their meeting at the Elysee Palace in Paris, Monday Dec. 5, 2011. The leaders of Germany and France will try to agree Monday on a cohesive plan to help save the euro through stricter oversight of government budgets. Financial markets signaled optimism that French President Nicolas Sarkozy and German Chancellor Angela Merkel will unveil a unified plan that tightens political and economic cooperation among the 17 European Union countries that use the euro and sets the stage for more aggressive aid from the European Central Bank. (AP Photo/Remy de la Mauviniere)" border="0" /></a>AP - Seeking to restore confidence in the euro, the leaders of France and Germany jointly have called for changes to the European Union treaty so that countries using the euro would face automatic penalties if budget deficits ran too high.</p><br clear="all"/>

 

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