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29 Dec 2014
Inflexible Germany - BNP
FXStreet (Guatemala) - Caroline Newhouse, analyst at BNP Paribas explained that the remedies to the crisis are different whether you are French or German.
Key Quotes:
“France has often advocated a gradual approach to the reduction in public deficits coupled with a plan of sharing risks at the European level; for Berlin, the restoration of imbalances (public and external) is a top priority, as long as Germany is concerned as well as other euro zone countries”.
“Beyond its current economic success, Berlin is on the verge of a new impulse for in-depth reforms which should transform the German society to face long-term structural challenges resulting from aging and chronic underinvestment”.
Key Quotes:
“France has often advocated a gradual approach to the reduction in public deficits coupled with a plan of sharing risks at the European level; for Berlin, the restoration of imbalances (public and external) is a top priority, as long as Germany is concerned as well as other euro zone countries”.
“Beyond its current economic success, Berlin is on the verge of a new impulse for in-depth reforms which should transform the German society to face long-term structural challenges resulting from aging and chronic underinvestment”.