Germany and France to produce joint plans
Source: Agencies |
January 23, 2013, Wednesday
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Print Edition
Print Edition
GERMANY and France will produce joint proposals on improving economic coordination in the European Union this spring, the countries' leaders said yesterday, downplaying recent differences as they marked the 50th anniversary of a landmark reconciliation accord.
German Chancellor Angela Merkel and French President Francois Hollande have often been openly at odds over how to resolve Europe's debt crisis since Hollande took office last year. Hollande has criticized Germany's austerity-led approach, while Merkel has resisted talk of pooling countries' debt.
That has raised questions about the traditional role of the two nations as the motor of political integration in Europe.
"We are aware of our great responsibility to improve the situation in the European Union, overcome the euro crisis and make possible economic growth - and so make workable for the future the tried and tested model of European life, linking competitiveness and economic strength with social cohesion," Merkel said.
The two countries will produce joint proposals by May, ahead of an EU summit in June, on how to improve economic coordination and competitiveness, Merkel said.
Such initiatives were common when Hollande's predecessor, Nicolas Sarkozy, was in power.
German Chancellor Angela Merkel and French President Francois Hollande have often been openly at odds over how to resolve Europe's debt crisis since Hollande took office last year. Hollande has criticized Germany's austerity-led approach, while Merkel has resisted talk of pooling countries' debt.
That has raised questions about the traditional role of the two nations as the motor of political integration in Europe.
"We are aware of our great responsibility to improve the situation in the European Union, overcome the euro crisis and make possible economic growth - and so make workable for the future the tried and tested model of European life, linking competitiveness and economic strength with social cohesion," Merkel said.
The two countries will produce joint proposals by May, ahead of an EU summit in June, on how to improve economic coordination and competitiveness, Merkel said.
Such initiatives were common when Hollande's predecessor, Nicolas Sarkozy, was in power.
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