BERLIN May 13 call (Reporter Hu Xiaobing), according to the German media reported on the 13th, before the newly elected French President François Hollande, the upcoming visit to Germany, the German government expressed strong opposition to increase spending to stimulate economic growth in Europe.
“Le Monde” published the same day,
the German Finance Minister Schäuble stressed, Germany adhere to the “financial contract” reached by the EU-25 to stabilize the budget. He pointed out that, in accordance with international practice, the agreements signed after the election is still valid, “This also applies to the EU ‘financial contract’”.
Schaeuble said, to increase the debt burden does not promote economic growth, “On the contrary, we should be more focus on existing programs in Europe, such as to better promote the two-track vocational education , to solve the employment problems of young people than the construction of a highway.
Hollande proposed renegotiation of the EU “financial contract” before the French presidential election. He hoped that the increased spending to promote economic growth. On the the Hollande requirements, Germany refused. The Hollande plan inaugurated on the 15th of this month, French President’s visit to Germany, held talks with German Chancellor Angela Merkel.
Finance Channel _ Xinhua