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Merkel, Sarkozy demand new eurozone pact in crunch week for Euro

President Nicolas Sarkozy and Chancellor Angela Merkel say France and Germany want a new EU treaty by March with tougher budgetary rules to deal with the eurozone debt crisis. The two leaders made the announcement after crunch talks in Paris at the start of a crucial week for the euro, teetering on the brink because of its indebted member states, ahead of a key EU summit in Brussels on Thursday. Duration: 02:27

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