CLEAN: French Socialists unimpressed by French debt talks

Nicolas Sarkozy conceded to Angela Merkel on the issue of eurobonds, a significant shift from France's previous stance. The implementation of a new EU tax faces challenges, particularly due to opposition from the UK, which fears impacts on the City of London. The tax is unlikely to be implemented before 2014. Efforts are being made to accelerate the process by bypassing the UK's veto, focusing on agreement among willing EU countries.

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