You are here: Home » PTI Stories » National » News
Business Standard

French minister urges more German investment in EU

AFP  |  Berlin 

France's Bruno Le Maire today urged to more into major European projects and allow wages to rise, as part of Berlin's contribution to boosting growth in

"has taken on its European responsibilities, in reducing its public spending and reforming its economy. We expect to join the movement, by adopting more offensive wage policies and investing more," he told weekly at a time when is battling to form a new coalition


Le Maire's call comes at a sensitive time for Merkel, as public spending is a hot-button issue in negotiations to forge a new alliance with the

The centre-left SPD is demanding more public spending to help the disadvantaged, but Merkel's want to keep the country's budget balanced as they argue that they are saving for the ageing population's future.

"has already taken decisions in the right direction -- minimum wage was introduced," said Le Maire, referring to a key condition by the SPD during negotiations for the outgoing coalition with Merkel.

"We are now expecting in big projects, in innovation, research and infrastructure," the French added.

Germany is expected to announce on Friday a budget surplus for 2017 that surpasses USD 12 billion, German media reported, putting pressure on Merkel for greater wealth redistribution in the country.

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

First Published: Wed, January 10 2018. 21:15 IST
RECOMMENDED FOR YOU