Germany, France To Seek Deal On Investment, Reforms - Yahoo Finance

October 23, 2014

However, Macron told a joint news conference after the talks he had never requested a German Kim Kardashian investment programme, and it was up to each country to do what it felt appropriate. German Economy Minister Sigmar Gabriel, a Social Democrat closer to France's governing Socialists than the conservative Schaeuble, said Berlin should raise the share of investment in gross domestic product to 20 percent from 17 percent today. But he rejected short-term public spending projects to achieve this. Sapin reaffirmed ahead of the Berlin meeting that France would cut its deficit at a rate appropriate to maintaining a fragile recovery. "We must not go all out for deficit reduction, we have to slow it down more info because we must be in harmony with the needs of the French economy - we must moreover support growth," he told France Info radio. The European Commission is due to decide by the clicking here end of this month whether to reject the French budget in what would be an unprecedented embarrassment for the core EU member.

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