Based on statements from Del Spiegel, there is a secret discussion between France, as well as Germany, regarding some deal which is going to offer the European Commission such ability of getting the 2015 Paris budget draft approved, even though it already gets past the commitments that are going to cut deficits.
The same source also says that the governments of both countries are currently making a written agreement which will enable France to provide a complete roadmap to the European Commission for the reduction of deficits, as well as structural reform.
Consequently, the multiple times that Frances has broken its promise of bringing the deficit in budget into the national output ceiling’s three percent related to the euro zone is going to be forgotten by Germany. Also, the said country must go against every sanction that the European Commission might be laying down.
On Wednesday, France’s most talked-about budget for 2015 got introduced to Brussels, along with risks making it the first euro zone nation to have its fiscal plan denied, especially basing it on new rules that can eventually make Paris pay fines in the future.
Berlin, as reported by Der Spiegel is not interested in creating a heavy weight and a full-blown clash in the euro zone, even if it possesses fiscal discipline advocacies that are strong.
A high-ranking government member of Germany mentioned that the European Commission officially rejecting the French budget will hit the Germany-France relationship greatly.
In addition, the rising economy’s stagnation’s manifestation within the single currency space has already paved the way for German Chancellor Angela Merkel to feel pressured regarding the step to take a less rigid move.