Keyword: Wolfgang Schaeuble
Emmanuel Macron, who also promised to accelerate fiscal reforms at home, said 300 billion euro 'New Deal' would boost investment and growth.
A less wide-ranging scheme will be seen as a victory for banks and trading organisations that have lobbied furiously against the idea in Europe.
At meeting in Germany, finance minister Pierre Moscovici says Paris still committed to getting finances in order, but not at expense of growth.
France pleads for more time but denies it is turning into the new “sick man of Europe” even as data points to a deepening French downturn.
Germany's finance minister has reportedly asked a panel of top advisers to study France's economic problems and suggest proposals to contain them.
French and German finance ministries to launch a working group to make joint proposals on issues such as fiscal and banking union.