By Catherine Kent
Reuters
reported on Sunday that Germany and France are secretly discussing a deal that
would allow the European Commission to approve Paris’s draft 2015 budget,
despite the budget exceeding European Union debt limits. The agreement sets a
blueprint for France to reduce its deficit and undergo structural reform. This
deal is important to Germany, because it would avert a clash between two of the
Commission’s prominent players, and foster German-French relations.
If this draft works, Germany will oppose any sanctions that
the European Commission proposes and France will side-step the EU’s austerity
measures. On Wednesday, France will
propose its rule-defying draft in Brussels, and face the grim possibility of
fines if the draft is rejected.
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