France, Germany advocate new EU treaty: Sarkozy

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France, Germany advocate new EU treaty: Sarkozy
from MarketWatch.com - MarketPulse LONDON (MarketWatch) -- French President Nicolas Sarkozy said on Thursday that France and Germany are advocating a new treaty that will reinvent the organization of the European Union. In a speech in the southern French city of Toulon, he added that the EU's Maastricht Treaty from the early 1990s is "imperfect." "We should overhaul Europe urgently," Sarkozy said. "If Europe doesn't change quickly enough, global history will be written without Europe." The French president also said that France and Germany must be united and be a pillar of stability.