Marketplace Index for Wednesday, December 7, 2011
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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.