'Germany, France to propose new EU treaty'

Sarkozy said, “We want a new treaty, to make clear to the peoples of Europe, members of Europe and members of the euro zone, that things cannot continue as they are.”

The new proposals would include a modified EU treaty, ideally for all 27 EU members, but that they were also ready to draw up a treaty for the 17 euro zone members though this would be open to others.