We need fiscal Federalism to enforce rules and standards, Trichet, said, to french Le Monde.
The French government is leaking the story to Le Monde that France is to relaunch the idea of an economic government, to “bring Germany back out of its political isolation”. If France succeeds to implement a constitutional budget rule similar to Germany, Germany might be more inclined to accept a common economic government, and the French would be ready to accept not only a tougher stability pact but also Axel Weber as the next ECB president to reassure the Germans, [Eurointelligence].
The French government is leaking the story to Le Monde that France is to relaunch the idea of an economic government, to “bring Germany back out of its political isolation”. If France succeeds to implement a constitutional budget rule similar to Germany, Germany might be more inclined to accept a common economic government, and the French would be ready to accept not only a tougher stability pact but also Axel Weber as the next ECB president to reassure the Germans, [Eurointelligence].
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