Germany and France to Launch Working Group

The finance ministries of Germany and France will launch a working group with a view to making joint proposals on euro zone issues like fiscal and banking union, German Finance Minister Wolfgang Schaeuble said on Monday.

“We will start in the next days and weeks a working group between our ministries to prepare forthcoming decisions in bilateral cooperation,” Schaeuble told reporters after meeting his French counterpart Pierre Moscovici.

Schaeuble said the group would look at preparing joint proposals for the Eurogroup meetings of finance ministers, strengthening the fiscal and currency union and boosting the currency bloc’s growth

It would also coordinate on decisions taken by Chancellor Angela Merkel and French Prime Minister Francois Hollande.

via Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza