Forgot your password?

Follow this link to become a subscriber. Alternatively, you can read our free news on this page.

Germany wants France to commit to more reforms

  • Germany increases the pressure on France with an op-ed in Les Echos by Guenter Oettinger, senior figure in the CDU, 3 days ahead of the Commission’s decision on France;
  • He says the Commission should only grant extension if France commits itself to further structural reforms and that reforms in the past have not gone far enough;
  • Several EU officials said that fines are still on the table;
  • The reaction in France is denial, Michel Sapin says fines are not an issue and debates about it are without a substance;
  • Sapin is now touring Spain, Portugal and Italy, to promote a more growth oriented fiscal strategy for Europe;
  • Ahead of their meeting, the Spanish finance minister told Les Echos that Spain is a good example of why austerity has worked;

Further News