Ten Things You Need to Know Today: Friday 2 Dec 2011

1. MERKEL CALLS FOR FISCAL UNION

German Chancellor Angela Merkel has told the German parliament that Europe is taking "concrete steps towards a fiscal union", which would give the EU control over the budgets of its member states. She said the move marked a "new phase in European integration". She will hold talks with French President Nicolas Sarkozy, who has called for a new EU treaty, next week.

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