BERLIN (Reuters) – The German and French economy ministers have asked experts in Berlin and Paris to come up with reform recommendations for both countries in an apparent attempt to avert a full-blown clash between the euro zone heavyweights over economic policy.
In letters signed by Sigmar Gabriel and Emmanuel Macron and seen by Reuters, the two ministers note that the European recovery is lagging that of other advanced economies, raising the risk of a “lost decade” of weak growth, excessively low inflation, high debt and high unemployment.
#German wholesale prices extend lengthy streak of y/y declines https://t.co/CTj2CmfGIW
BERLIN, Oct 12 (Reuters) – German Finance Minister Wolfgang
Schaeuble put on a brave face at the end of IMF meetings in
Washington this weekend, dismissing suggestions that Berlin had
come under pressure to shift its economic course as “spin
But the reality is that Germany hasn’t looked this isolated
over its policy prescriptions for Europe since the height of the
euro zone financial crisis more than two years ago.