Franco-German axis to submit common Eurozone reform deal by June

ARNE DEDERT

Euro banknotes secured at cash control during the balance sheet press conference for the Frankfurt Airport central customs office in Frankfurt am Main, Germany, 13 March 2015. F

Franco-German axis to submit common Eurozone reform deal by June


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The Franco-German axis will have a joint position on the Eurozone’s reform by June, according to the French finance minister.

Following consultations with the German finance minister

The Franco-German axis will have a joint position on the Eurozone’s reform by June, according to the French finance minister.

Following consultations with the German finance minister

The Franco-German axis will have a joint position on the Eurozone’s reform by June, according to the French finance minister.

Following consultations with the German finance minister Peter Altmaier on Thursday, Bruno Le Maire said that Paris and Berlin will reach a common position between March and June 2018 on at least three issues:  tax harmonization, capital markets consolidation, and a banking union.

Berlin has consistently avoided debt mutualization be it private (systemic lenders) or public (public debt.). France wants to reduce the perceived systemic risks for Germany, including non-performing loans.

Non-Performing Loans is the main concern for German lenders who fear that Italians lenders may pose systemic risks. Le Maire said he is willing to address those concerns, but not how. On this topic, there will no doubt be wider scope for discussion when Le Maire and Altmaier meet their Spanish and Italian counterparts on Monday.

on Thursday, Bruno Le Maire said that Paris and Berlin will reach a common position between March and June 2018 on at least three issues:  tax harmonization, capital markets consolidation, and a banking union.

Berlin has consistently avoided debt mutualization be it private (systemic lenders) or public (public debt.). France wants to reduce the perceived systemic risks for Germany, including non-performing loans.

Non-Performing Loans is the main concern for German lenders who fear that Italians lenders may pose systemic risks. Le Maire said he is willing to address those concerns, but not how. On this topic, there will no doubt be wider scope for discussion when Le Maire and Altmaier meet their Spanish and Italian counterparts on Monday.

 on Thursday, Bruno Le Maire said that Paris and Berlin will reach a common position between March and June 2018 on at least three issues:  tax harmonization, capital markets consolidation, and a banking union.

Berlin has consistently avoided debt mutualization be it private (systemic lenders) or public (public debt.). France wants to reduce the perceived systemic risks for Germany, including non-performing loans.

Non-Performing Loans is the main concern for German lenders who fear that Italians lenders may pose systemic risks. Le Maire said he is willing to address those concerns, but not how. On this topic, there will no doubt be wider scope for discussion when Le Maire and Altmaier meet their Spanish and Italian counterparts on Monday.

 

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