Arab Today, arab today hollande\s courageous reforms find favour in germany
Last Updated : GMT 06:03:25
Arab Today, arab today
Arab Today, arab today

Hollande\'s courageous reforms find favour in Germany

Arab Today, arab today

Arab Today, arab today Hollande\'s courageous reforms find favour in Germany

Berlin - AFP

Germany welcomed Wednesday the beleaguered French president's "courageous" plan to spur the economy as a rapprochement towards its own approach but analysts were sceptical about real change. Foreign Minister Frank-Walter Steinmeier, a Social Democrat in conservative Chancellor Angela Merkel's right-left "grand coalition", said Hollande's proposals marked a bold step. By focusing on the competitiveness of businesses and budgetary rigour, Hollande is on the right path not only for France but to help Europe emerge from its debilitating economic crisis in stronger shape, he said. He added that "with the interests of all Europe in mind and the hope that we win back stability", a "courageous" re-orientation of French economic policy along those lines could only be seen as the "right message" And he made a general comparison between Hollande's plans and painful labour market reforms undertaken under former Social Democratic Party chancellor Gerhard Schroeder more than a decade ago. Those reforms have been credited as having been the shock therapy Germany needed at a time it was considered the sick man of Europe. "Also in Germany we needed some time and had to overcome hurdles until an economic and labour market political programme was defined that promised an improvement of the economic situation," he told reporters. Praise also came from the finance ministry whose spokeswoman expressed "great respect", while deputy parliamentary group leader for Merkel's conservatives Andreas Schockenhoff said the reforms marked a "paradigm change". He noted that Hollande had spoken out during his election campaign against the austerity policies championed by Germany in fighting Europe's financial crisis. Hollande laid out plans that were at odds with election promises to boost spending and crack down on the rich, as the French economy struggles after growing more slowly than its EU partners, especially Germany.Insisting that a return to economic growth was essential to France "retaining its influence", Hollande announced plans for 50 billion euros ($68 billion) in spending cuts between 2015 and 2017 and a 30-billion-euro reduction in corporate payroll charges. He also urged cooperation with Germany to be stepped up, including on defence matters. Claire Demesmay, of the German Council on International Relations, said Hollande's speech contained a significant message for Germany's new "grand coalition" government. "Hollande says he's social democratic. It's important for the Franco-German relationship," she told AFP, adding it was also a "sign" to Berlin that Hollande wanted to work with Germany. If there is a will to do so, "that may contribute to a certain dynamism in cooperation" and possibly to new initiatives after the European Parliamentary elections in May, she said. But she remarked that tax cooperation for businesses had already been launched by Merkel and Hollande's conservative predecessor Nicolas Sarkozy. Also, she said, a joint energy policy had begun a year ago and German-French defence cooperation was highly thorny and was not advancing. Deutsche Bank economist Gilles Moec agreed. "There's no turning point," he said of Hollande's speech, adding that since the last quarter of 2012 "the direction is quite clear. There's a confirmation of the direction and, above all, a political message." He said that 50 billion euros in cuts in public spending was already in the budget. "The speech (by Hollande) is appealing. The real intention was a positive message for businesses," he said, noting the big question now would be how the measures are put into practice.

arabstoday
arabstoday

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 hollande\s courageous reforms find favour in germany Arab Today, arab today hollande\s courageous reforms find favour in germany

 



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 hollande\s courageous reforms find favour in germany Arab Today, arab today hollande\s courageous reforms find favour in germany

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals 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