Europe's austerity bites before Christmas

Holiday cheer turns into crunch for millions across the continent, as politicians battle debt crisis.

    The leaders of France and Germany have released more details of their plan to fix the European debt crisis. They include speeding up plans for a common corporation tax and a tax on financial transactions.

    France's Finance minister says Nicolas Sarkozy and Angela Merkel will not leave this week's EU summit without a powerful deal.

    But while politicians in Europe try to come up with an agreement on the euro, Christmas cheer has turned into Christmas crunch for millions of people across the continent.

    Al Jazeera's Nick Spicer reports from Berlin.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    Explore how your country voted on global issues since 1946, as the world gears up for the 74th UN General Assembly.

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.