Europe’s Religious War on Debt Must Be Overcome, Macron Says
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Europe must end its “religious war” over debt, French Economy Minister Emmanuel Macron said.
Macron outlined his approach to the euro area’s financial woes at a conference of German diplomats Tuesday, pitting what he termed debt-scolding Calvinists against over-indulgent Catholics. The two factions mirror the perceived rough divide between German-led budget disciplinarians in the north and Europe’s more indebted Mediterranean south.