Marketplace Index for Wednesday, December 7, 2011

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Episode Description 
German Chancellor Angela Merkel and French President Nicolas Sarkozy -- "Merkozy" for short -- laid out their plan in an open letter to European Council President Herman Van Rompuy today. The plan calls for stricter budget controls for eurozone nations and comes before the regions leaders meet again tomorrow evening and Friday. We spoke with Matthias Matthijs, a professor of political economy at both the Johns Hopkins and American Universities.
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A German tea party with a French pastry

German Chancellor Angela Merkel and French President Nicolas Sarkozy lay out their plan for stricter budget controls for eurozone nations in an open letter to European Council President Herman Van Rompuy.
Posted In: Eurozone
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Consumer credit hits two-year high

The amount of money consumers owe in credit -- excluding mortgages -- grew by $7.7 billion in October, hitting a two-year high.
Posted In: consumer, debt, credit card debt

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