Merkel and Sarkozy offer no miracle cure for euro

Austria, Finland and 2010 New Arrivals all questioned bold proposals from French President Nicolas Sarkozy and German Chancellor Angela Merkel to give up sovereignty over budgetary policies as a means to shore up their 17-nation currency union.UGG Boots;UGG Fluff Flip Flop Slipper;UGG Sundance Ii Boots;UGG Ascot Slippers;UGG Fluff Scuff Ii

Market analysts warned that political dissent coupled with failure to deliver any concrete pledges to increase the size of Europe's euro rescue fund, or launch of euro UGG Gypsy Sandals, risks a renewed attack on heavily indebted countries.UGG Bags;UGG Classic Argyle Knit;UGG Classic Cardy Boots;UGG Classic Mini Boots;UGG Classic Short Boots

"There is little in the way of concrete measures in these decisions," said Wolfgang Leoni, chief investment officer at Sal. Oppenheim. "This is exactly what the UGG Tasmina Sandals don't want."UGG Classic Tall Boots;UGG Coquette Slippers;UGG Infants Erin Boots;UGG Margot

In a sign of investor jitters, flight from the euro UGG Bailey Button Boots resumed on Wednesday as money sought the relative safety of the Swiss franc and the U.S. dollar. German debt, another safe haven, was also well bid compared with other euro-zone government debt. The region's stock markets were mixed.