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Gabriel - Germany won't spend more than €10 billion investment plan. (Photo: spd.de)

French and German economies must come closer, experts say

Failure by the eurozone’s largest economies, traditionally EU allies, to act together risks plunging the currency bloc into a “stagnation trap” a report published Thursday (November 27) by Henrik Enderlein, of Germany's Hertie School of Governance, and Jean Pisani-Ferry, of the France Strategie government think-tank.

”In France we fear lack of boldness for decisive reforms. In Germany we fear complacency,” states the report, which was commissioned by Emmanuel Macron and Sigmar Gabriel, ...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Gabriel - Germany won't spend more than €10 billion investment plan. (Photo: spd.de)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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