Tagged: Angela Merkel

It's a crucial week for Europe as leaders embark on what many are calling a last-ditch effort to save the euro currency. The heads of the eurozone's two largest economies, Germany and France, meet Monday in Paris, where they're expected to agree on a master plan for all 27 EU leaders to sign off on at an emergency summit in Brussels at the end of the week.

Time is running out for European leaders to find a way out of their debt crisis and salvage the euro as the single currency for 17 nations. As they prepare for a European Union summit next week, French President Nicolas Sarkozy and German Chancellor Angela Merkel have presented their plans to their respective countries.

French President Nicolas Sarkozy is set to deliver a speech that will set out his vision for Europe. This is a big speech: First because Sarkozy and German Chancellor Angela Merkel have been leading the efforts to save the euro and contain the European sovereign debt problems. Secondly, Sarkozy is facing a tough reelection campaign next spring and he is expected to make the case that he's the best person to take the country forward.