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French finance minister presses Germany on euro zone reforms

Reuters  |  PARIS 

(Reuters) - French on Wednesday urged and other European countries to stop holding up tough decisions about the zone's and capital market regulations.

failed to make a breakthrough on Monday on an EU-wide deposit guarantee scheme, even though the European Central said risks for banks have already been reduced enough.

along with other northern countries say zone banks must first reduce exposure to risks before such a project can be launched.

"I regret that current political difficulties in some European countries is holding up major progress on policy," le Maire said at a conference at

"I'm saying again to our partners, in particular our German partners, everything is on the table. It's time to decide, is ready to decide," he added.

The situation has been complicated by Germany's failure to form a coalition government until only recently.

Le Maire said had offered "important concessions" and now expected others to do the same so that decisions could be taken in the coming months.

Le Maire is due to meet his new German counterpart in

(Reporting by Myriam Rivet; writing by Leigh Thomas; Editing by Richard Balmforth)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 15 2018. 01:34 IST