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- French President Nicolas Sarkozy and German Chancellor Angela Merkel
French President Nicolas Sarkozy and German Chancellor Angela Merkel submitted EU treaty change proposals to European Council President Herman Van Rompuy on Wednesday ahead of crucial summit in an attempt to strengthen the euro zone.
"We are convinced that we need to act without delay," the two leaders said in the letter. "We need to make a decision at our next European Council meeting in order to have the new treaty provisions ready by March 2012."
"I am more pessimistic than I was last week on the chances of total agreement," said German official on condition of anonymity. "In the many discussions over the past weeks it has become clear that many people still don't recognize the gravity of the situation."