Berlin (AFP) - Germany and France plan to present a joint economic reform plan Thursday under which Paris would freeze wages and Berlin would hike public investment, a news report said.France would make its labour rules, including the 35-hour week, more flexible in many sectors and seek to freeze wages for three years to make companies more competitive, reported Der Spiegel news weekly on Sunday.Under the proposals, Germany would double its infrastructure spending to 20 billion euros ($25 billion) by 2018, and the fast-ageing country would reform immigration rules and do more to get women into the workforce, according to the report.The "road map" plan for Europe's two biggest economies will be presented Thursday in Paris by German Economy Minister Sigmar Gabriel and his French counterpart Emmanuel Macron, the report said.It is based on a government-commissioned study by Henrik Enderlein, head of the Jacques Delors Institute in Berlin, and Jean Pisani-Ferry, chief economic strategist of French Prime Minister Manuel Valls, said Der Spiegel.The plan would be a compromise between Berlin, which has long preached fiscal discipline in the crisis-hit EU, and Paris, which is grappling with high unemployment and a ballooning budget deficit and has been urging more stimulus spending.Join the conversation about this story »
France, Germany To Present Joint Economic Reform Plan
Business Insider, Business Insider
Sun, 11/23/2014 - 7:06am
Topics: berlin afp germany france europe german economy minister sigmar gabriel emmanuel macron henrik enderlein jacques delors institute jean pisani-ferry french prime minister manuel valls eu berlin berlin germany paris spiegel french present joint economic reform plan thursday news wages billion freeze report rules
BING NEWS:
- Germany’s controversial climate reform highlights coalition fractures
Germany’s parliament on Friday amended the country’s climate change legislation after weeks of debate, in a move that has dismayed climate activists.
04/26/2024 - 8:35 am | View Link - Germany's parliament passes reform of climate emissions law
The lower house of Germany's parliament, the Bundestag, has passed a controversial reform of the country's Climate Protection Act, which will significantly overhaul how targets for reducing greenhouse ...
04/26/2024 - 1:44 am | View Link - France, Germany push on with 2040 joint tank project
France and Germany agreed on Friday to move to the next phase of a project to jointly develop a battle tank by 2040, their defence ministers said, as they seek fresh impetus despite reservations and ...
04/25/2024 - 10:20 pm | View Link - Spain Says Germany Can Find a Way to Make Joint EU Borrowing Work
The European Union will be able to find a way to raise more joint debt that is acceptable to Germany’s constitutional court — if there is sufficient political will, according to Spain’s economy ...
04/18/2024 - 8:28 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more