France calls German economic leadership into question


French Economy Minister Emmanuel Macron speaks during the Economic Forum Business Day at the Federal Foreign Office in Berlin, Germany, 25 August 2015.

In calling for a fiscal union, the French Finance Minister, Macron, is not simply making “a suggestion”; Paris is fundamentally defying Berlin on economic policy.

The criticism comes by the only country in Europe able and willing to express criticism of Germany's macroeconomic policy vision.

Macron’s vision

The French Minister of the Economy, Emmanuel Macron, is advocating a fiscal transfers union in pre-released excerpts of his interview with German newspaper Sueddeutsche Zeitung. The story is running today in Germany.

Specifically, Reuters reports, Macron envisions a Euro commissioner with wide-ranging mandate to coordinate euro zone economic a...

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