Free Trial

MNI BRIEF: France, Germany Say To Reach Fiscal Deal Tuesday

Finance ministers of France and Germany told journalists at a news conference that they will resolve their remaining differences on a new EU fiscal rules regime in bilateral talks in Paris on Tuesday night. (See MNI: France, Germany Far Apart Ahead Of Fiscal Rules Talks)

The main issue between the countries concerns the speed at which EU member states in excess of limits achieve a budget deficit of 1.5% of GDP over the course of a four- to-seven-year fiscal adjustment programme. The last compromise proposal suggested an annual deficit reduction of 0.3% of GDP or 0.2% depending on whether the adjustment period was over four or seven years.

EU finance ministers are due to hold a video conference Wednesday afternoon to resolve remaining stumbling blocks to a deal.

MNI Brussels Bureau | david.thomas.ext@marketnews.com
MNI Brussels Bureau | david.thomas.ext@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.