BBC News with David Austin

The President of France, Nicolas Sarkozy, has said he and the German Chancellor Angela Merkel will meet in Paris on Monday to announce a joint plan to safeguard the future of Europe. Mr Sarkozy, who's giving a major speech on the economy, said France and Germany would seek a new European Union treaty to impose greater integration and financial discipline on European governments. He said the debt crisis in the eurozone had revealed major weaknesses in the European Union. Reform was needed, he said, to make the bloc better-equipped to deal with crisis.

"France and Germany are in favour of a new European treaty rethinking and overhauling the organisation of Europe. More discipline, more solidarity, a new responsibility to respond to the people through better economic governance - that is our vision of the eurozone and the reform of its treaties."