The German government on Monday ruled out reworking the European Union’s fiscal pact despite calls to do so by French president-elect Francois Hollande. “It is not possible to renegotiate the fiscal pact,” government spokesman Steffen Seibert told a regular news conference. He noted that 25 of the 27 EU member states had already signed…
BERLIN (Reuters) – Germany and France have begun working on a joint package to stem the euro zone debt crisis, but it will not be a “miracle cure” for the bloc’s ills, Chancellor Angela Merkel’s spokesman said on Monday. Merkel hosted French President Nicolas Sarkozy for talks on Sunday evening, and at a joint presser,…