French and German finance ministers stress common interests in first meeting

Euractiv | Dec 14, 2021 at 7:21 AM
  • Although he is known to be a hardline opponent of public debt, the new German finance minister showed his openness to compromise during his first trip to Paris only days after taking office.
  • The French minister of economy and finance Bruno Le Maire welcomed the new German finance minister in Paris for a first exchange.
  • In 2023, EU governments will either have new fiscal rules in place or they will have to revert to the old ones mandating public debt not to exceed 60% of GDP and annual budget deficits not to exceed 3% of GDP.