Germany, France: low inflation, imbalances make euro zone vulnerable
Reuters
Published May 22, 2017 05:32AM ET
Germany, France: low inflation, imbalances make euro zone vulnerable
BERLIN (Reuters) - The euro zone remains economically vulnerable because of macroeconomic imbalances and low core inflation, German Finance Minister Wolfgang Schaeuble and his French counterpart Bruno Le Maire said in a joint statement on Monday after talks in Berlin.
"Despite the currently strengthening economic recovery in the euro zone, not all member states have recovered completely from the last crisis, and the euro zone is economically vulnerable due to major macroeconomic imbalances, low core inflation and significant financial fragmentation," it said.
In their statement, the ministers said they agreed that deeper coordination and integration of economic policy was needed to achieve real economic convergence.
"For this purpose, the completion of the banking union is a priority, as envisaged in the Ecofin Roadmap of June 2016," they added.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.