http://www.wsws.org/articles/2011/dec2011/euro-d07.shtml

"Merkel and Sarkozy reacted to the announcement by the rating agency by pledging their complete loyalty to the financial markets."

"To enforce stricter budgetary discipline, Merkel and Sarkozy intend to change the European treaties by March 2012."

Avaaz Petition :

https://secure.avaaz.org/en/democracy_trumps_austerity/

"History demonstrates that austerity cannot save our economies from recession"