Germany should act sooner rather than later to revive its flagging economy, Fran...
PARIS - Germany should act sooner rather than later to revive its flagging economy, France’s finance minister said on Thursday, as he struggled to hide frustration with the pace of Berlin’s efforts to engineer a recovery.
French policymakers are growing anxious as Germany, Europe’s largest economy, dithers over how to pull itself back from the brink of recession, and they want Berlin to do more with its budget surplus. He said that the strategy was based on three pillars: “Keep reducing public debt where it is necessary. And it is the case in France; keep pursuing structural reforms, as we are doing in France; have budget policies that can take up the baton from monetary policy.”
“I recognize perfectly well - Olaf Scholz and I talk a lot about it - that Germany has started spending more money, but there is still a debate on the timeframe,” Le Maire said, referring to the German finance minister.
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