Harmonizing Policies in the Euro Zone Merkel Pushes Ahead with Economic Government Plans

German Chancellor Angela Merkel is to propose a "pact for competitiveness" to the member states of the euro zone in a bid to get countries to harmonize their policies. The plan, which is intended to calm the financial markets' fears about the euro, would introduce a kind of economic government in the euro zone that goes far beyond what has so far been agreed.