Economics
Germany, France Vow Investment, Sidestep Who Will Pay for It
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German and French cabinet members pledged to boost investment and speed economic reforms as the euro area economy sags, while sidestepping the question of how to finance the drive.
French Finance Minister Michel Sapin and Economy Minister Emmanuel Macron said after talks in Berlin today with German Finance Minister Wolfgang Schaeuble and Economy Minister Sigmar Gabriel that they agreed steps aimed at budget consolidation and investment. Yet German lawmakers say they see little scope to alter the country’s draft 2015 budget to boost state spending on infrastructure projects.