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Libération - France | Monday, October 24, 2011

France loses influence to Germany

Germany and France showed a united front at the euro summit on the weekend. But appearances are deceptive, writes the left-liberal daily Libération: "There is a clear leader in the old Franco-German tandem, and not just since yesterday. The euro was originally conceived along the lines of the German mark. ... This domination was at first tempered by the strength and courage needed to introduce the common currency. However the brutal repercussions of the financial crisis have now brought the truth to light. From Germany's perspective France's status, its right to a say and its influence have dwindled. The French president's proposals for solving the euro crisis - as pertinent as they may be - have not been heard. President Sarkozy hangs on the chancellor's every move. For all his resolve, our financial credibility has taken a severe beating."

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