Significantly, two proposals that were most likely to meet German opposition – Eurobonds to pool risk and the transformation of the European Stability Mechanism into a bank that could borrow from the European Central Bank – were removed from his draft memorandum to European leaders.
Hollande bénéficiera de surcroît lors du sommet du G8 du soutien des USA qui craignent qu'une déflation en Europe ne ralentisse la reprise économique chez eux.