German Chancellor Angela Merkel and French President Nicolas Sarkozy will press fellow Group of 20 leaders to agree on rules limiting bonus payments and address the challenge of banks becoming "too large."

Merkel and Sarkozy, at a news conference Monday in Berlin, said they will outline the joint French and German proposals in a letter to the European Union to help formulate a unified EU position ahead of the G-20 summit in Pittsburgh on Sept. 24-25.

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