Ten Things You Need to Know Today: Wednesday 16 Nov 2011

1. MERKEL PREPARED TO SACRIFICE SOVEREIGNTY

German chancellor Angela Merkel says she is prepared to give up some national sovereignty in an attempt to rescue Europe. She said she wanted a strong EU and a euro "of 17 member states that is just as strong and inspires confidence on international markets." She believes a stable monetary union can only by created through political union.

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