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Berlin and Paris have added detail to their proposals for treaty change (Photo: consilium.europa.eu)

France and Germany detail sweeping changes to eurozone set-up

The Franco-German powerhouse at the heart of the EU has proposed a series of sweeping changes to the bloc's institutional set-up in an effort to bring an end to the eurozone crisis that has laid low European economies and threatened the survival of the Union.

German Chancellor Angela Merkel and French President Nicolas Sarkosy in a joint letter to EU Council President Herman van Rompuy delivered on the details of what they agreed last week must be altered in the eurozone.

"The cur...

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