Nightly News   |  December 05, 2011

Sarkozy, Merkel agree on rescue package

France and Germany have agreed on how to tackle the rising debt crisis. Nickolas Sarkozy and Angela Merkel set out plans for a new treaty, that will mean stricter controls on each nation's budget--and harsh punishments for those that don’t stick to them. their proposals will be considered at a big EU summit later in the week. ITN’s James Mates reports.

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