Franco-German Summit Shows Differences, Common Objectives

Paris, May 16 (Prensa Latina) The first summit between French President François Hollande and German Chancellor Angela Merkel showed the differences to address the debt crisis, but both agreed to keep Greece in the Eurozone. Several experts on Wednesday highlighted the results of the meeting in Berlin a few hours after Hollande’s inauguration as the new ruler of this country.

The meeting raised expectations for the different viewpoints of both governments to resolve the problems of public finances in the Eurozone, and also because of the serious political and economic situation in Greece, which registered failed attempts to form a new government.

According to Laurent Fabius, a prominent French economist, the purpose of the meeting was to gain an initial approach and not make a formal negotiation on these issues, which will be addressed in other meetings.

But the differences are clear, he said, because Hollande insisted on the need to strengthen employment growth and financial stability, and Merkel remains clung to budget rigor as a method to tackle the crisis.

After the meeting, the two leaders gave a press conference at which the French president said that without growth, the country will be unable to meet its goals of reducing debt and fiscal deficit.

Merkel insisted on the implementation of austerity policies contained in the intergovernmental agreement signed by 25 of the 27 EU members in March.

Despite her reluctance, the German chancellor should finally understand that if Europe is in decline, Germany would also suffer the consequences, Fabius added.

Modificado el ( miércoles, 16 de mayo de 2012 )


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