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Thursday, May 20, 2010
Economic governance divides France and Germany
Germany's curb on speculative trading has cast doubt on Europe's ability to build the sort of economic governance that many believe is now essential for the euro's survival. Germany The move stunned France and showed how the euro zone's two largest economies are struggling to coordinate policy during the debt crisis that has engulfed the single currency. "France and Germany will have to start speaking the same language or else the euro will disintegrate," said Alexander Law, chief economist at Xerfi consultancy in Paris. French President Nicolas Sarkozy has said repeatedly since the start of the Greek debt disaster that euro zone countries must now establish common...Full story
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