News Column

Germany, France Step Up Cooperation to End Debt Crisis

Aug. 27, 2012
Euro

The German and French finance ministers said Monday they were stepping up cooperation in the battle to end the eurozone's long-running debt crisis.

German Finance Minister Wolfgang Schaeuble and his French counterpart Pierre Moscovici met in Berlin against the background of renewed tensions in Chancellor Angela Merkel's conservative-led coalition over Europe's efforts to end the crisis and Greece's future as a euro member state.

Following their talks, Schaeuble and Moscovici said the eurozone's two biggest economies were planning to set up a joint working group on the debt crisis, which is now in its third year.

The aim of the group would be to help the two nations to "work very closely together so as to prepare on a bilateral basis for the pending decisions."



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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