On Saturday (in a newspaper interview published on Saturday) Fren Finance Minister Le Maire
- proposed joint issuance of debt used to finance items such as the 750 bn euro recovery fund
- and which would become a permanent European financing system
On Sunday, though, German Economy Minister Peter Altmaier said he did not support joint debt issuance. He did not slam the door permanently though, saying
- it will take some years to spend the 750 bn EUR debt we have
- The next steps will come after Bundestag elections and French presidential elections
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Remarks from both came ahead of, and are jockeying for, a meeting between the ministers of Europe’s biggest economies on Sunday
- this is an annual conference
- held in southern France
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Note that this joint debt issuance sort of proposal comes up from time to time and Germany is always reluctant (so far at least).
