Arab Today, arab today french pm touts reforms as merkel wishes success
Last Updated : GMT 14:17:38
Arab Today, arab today
Arab Today, arab today

French PM touts reforms as Merkel wishes success

Arab Today, arab today

Arab Today, arab today French PM touts reforms as Merkel wishes success

Berlin - AFP

France\'s prime minister sought to calm fears Thursday about his country\'s economy on a trip to Germany, as Chancellor Angela Merkel stressed the importance of a strong France for the good of Europe. The visit by Jean-Marc Ayrault, a fluent German speaker making his first official visit to France\'s neighbour since taking office in May, came amid tension over economic policy between Europe\'s power couple. Addressing business leaders earlier, Ayrault said the return of growth and battling unemployment were his government\'s \"only compass\" and vowed to press on with reducing the public deficit. \"From 2012 the deficit will be reduced to 4.5 percent of GDP, whereas if nothing had been decided from this summer it would have reached 5.0 percent,\" he said. \"This work must be continued and we will respect the aim of 3.0 percent in 2013,\" he said.  EU rules stipulate that member states must keep their budget deficits within three percent of output. The government has unveiled measures designed to make the economy more competitive, including tax breaks for businesses worth up to 20 billion euros ($25.5 billion) a year. \"We want a strong France, as France would like also a strong Germany, so that we become an overall strong Europe,\" Merkel told a joint press conference with Ayrault who kicked off speaking in German. \"And everyone is working on that, and that is important, that is good, and I truly wish great success for what is now getting underway in France,\" she said. Hours before the visit, growth data from Europe\'s two top economies underscored the urgency of restoring effective leadership out of the financial crisis that has buffeted the eurozone for three years. While third-quarter growth in Germany slowed to 0.2 percent, figures from France showed its economy shrank by 0.1 percent in the second quarter but rebounded for growth of 0.2 percent in the third. Meanwhile another positive glimmer for the French economy saw France borrowing funds for two and five years at record low interest rates Thursday, suggesting investor confidence. Under former French leader Nicolas Sarkozy, the Franco-German duo spearheaded much of Europe\'s response to the debt crisis, outlining plans before every EU summit and often holding joint news conferences in Brussels. However, since the election of new Socialist President Francois Hollande, ties between the two have noticeably cooled. The pair have also differed on the best solution to the eurozone debt crisis, with Hollande pushing for measures to bolster growth in the bloc while Merkel wants debts to be tackled first before stimulating the economy. The latest spat has revolved around media reports that Finance Minister Wolfgang Schaeuble had ordered Germany\'s so-called \"Five Wise Men\" of independent economic advisors to draw up reform proposals for France. The panel and the German government quickly denied they had any such plans. Standing next to Merkel, Ayrault told reporters that no single model of economic success existed but expressed admiration for Germany\'s \"quality of social dialogue\". \"There\'s no model -- there are good practices, those which work here, those which work there,\" he said when asked if steps taken by France to boost competitiveness were inspired by German labour market reforms. \"One aspect that inspires me is the quality of social dialogue in Germany,\" he added. \"What\'s very important is that each of us takes the trouble to understand the other,\" he said. A close Merkel ally, Volker Kauder, recently expressed doubt that Paris was really committed to the economic reforms required to unlock growth. And Britain\'s Economist magazine meanwhile carried a 16-page cover story in its edition to be published Friday on how France was \"the time bomb at the heart\" of the eurozone debt crisis. Germany\'s mass circulation Bild recently questioned: \"Is France the new Greece?\" \"This visit is important to remove all ambiguity, but there isn\'t any ambiguity,\" Ayrault said here earlier. \"There have recently been some articles in the German press but they do not correspond to political reality.\"

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today french pm touts reforms as merkel wishes success Arab Today, arab today french pm touts reforms as merkel wishes success

 



Arab Today, arab today
Arab Today, arab today Rabia Fatima reveals role of "Facebook" in her career

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Mental conflict endures

GMT 07:36 2017 Friday ,24 February

Mental conflict endures
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables

GMT 05:18 2017 Wednesday ,22 February

Chinese PM: US should avoid ‘trade war,’

GMT 20:59 2017 Tuesday ,21 February

Economy good, but homes in German cities overpriced
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Wafaa Amer is happy for Sherihan’s return

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday