Growth and sound public finances can be combined and are not in conflict, said German Chancellor Olaf Solz, answering a question during a joint press conference he gave in Paris with French President Emanuel Macron.
The question was whether there were discrepancies between Paris and Berlin over the extent of public investment and the debt levels of the European Union member states.
“We have shown very recently – and we have both had a stake in this – what we can achieve when we work together in Europe, under the current Stability and Growth Pact,” said Mr Soltz, who had previously met with head of the French state. The head of the German government referred to the EU Recovery Fund as a project which was based mainly on Franco-German cooperation, according to Reuters.
“I am convinced that we can solve the problems that we will face together together and we will continue to pave the way for the development that we have strengthened with the Recovery Fund, while keeping our public finances healthy,” the German chancellor said.
“It is possible to achieve both at the same time, they are not opposing goals. We are committed to using the flexibility offered by the Stability and Growth Pact,” he concluded.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
