Juncker rebuffs Sarkozy's plan for regular eurozone leaders' meets



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The chairman of the eurozone finance ministers, Jean-Claude Juncker, said Monday he saw little use for regular meetings of eurozone leaders as proposed by French President Nicolas Sarkozy.

`I think it would not really be helpful to formally create a Eurogroup of heads of state and government,` Juncker told a press conference after a meeting of eurozone finance ministers, the so-called Eurogroup.

`There will be no permanent structures,` he added.

Sarkozy has championed the idea of regular meetings of heads of state and government from the 15 countries sharing the euro, to implicate leaders more in the managing of the eurozone.

Echoing recent German doubts about Sarkozy`s plan, Dutch Finance Minister Wouter Bos said earlier: `We are not in favour of creating new permanent European structures in parallel to the structures that we already have.`

`What we believe was interesting in (Sarkozy`s) particular proposal was that Europe needs to be capabale of stronger crisis management,` he added.



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