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Germany, France say need growth-friendly fiscal, structural policies

Published 02/12/2014, 16:53
© Reuters. German Finance Minister Schaeuble makes speech prior to vote on the federal budget at Bundestag in Berlin

BERLIN (Reuters) - Germany and France agreed on Tuesday it was necessary to support euro zone growth and confidence with growth-friendly fiscal and structural policies, after welcoming European Commission President Jean-Claude Juncker's plans to boost investment.

"The issue of how to strengthen investment in Europe was a focal point for the joint talks against the background of the recently announced Juncker investment plan," said a statement from the German finance ministry after talks between the two countries' finance and economy ministers and central bankers.

© Reuters. German Finance Minister Schaeuble makes speech prior to vote on the federal budget at Bundestag in Berlin

Germany and France also stressed the need to agree on the first step of a financial transaction tax before the end of this year.

(Reporting by Michelle Martin and Michael Nienaber; Writing by Madeline Chambers; Editing by Stephen Brown)

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