<- Hard & eacute; e: 0.0086758136749268 sec -> France threatened by a “lack of courage”, must loosen its labor market, monitor wage growth and reduce expenditures, while Germany, which risk “excessive contentment,” must invest welcome more immigrants and encourage the work of women, according to a Franco-German report Thursday in Paris.
The economists Jean Pisani-Ferry and Henrik Enderlein, charged by the Ministers of the French and German Economy to provide growth paths for the two countries also require a more significant investment European effort in this text very expected. They feel that, where France is facing needs reforms “urgent and detailed” Germany must stop “procrastinating” (procrastinating, Editor’s note) face “serious challenges . long term “
If their recommendations were quite expected, the two authors stress the urgency of the situation:” We are approaching a turning point. Economic, social and political dangers that Europe faces put us all in danger. The division would be bad for everyone. Paris and Berlin have a shared responsibility to prevent it happen. “
Easing the labor market in France. The two economists believe that France must give companies the opportunity to develop more easily work time, as revealed in broad strokes the German magazine “Der Spiegel” on Monday. Paris must also encourage permanent hiring by making the costs and delays of “predictable” layoffs. “It is more important to speak of the structural characteristics of the labor market than arguing about political symbols is particularly true for the 35-hour week,” they write.
Review the rising wages and the minimum wage. The report also believe that we must curb wage increases disconnected activity by extending to three years instead of one year delay between wage negotiations, or by revising the method of calculating the minimum wage .dropoff window France should also “set a goal” of public spending, promising to bring them back to 50% of gross domestic product (GDP) as against 55% in 2013.
” It is not anticipated through the law to pass a three-year negotiation ‘wages said Minister of the French economy, and is “no plans to change” the formula for calculating the minimum wage, two of the most salient recommendations of a Franco-German report issued Thursday.
Encourage the work of German. The report is not stingy with recommendations for Germany, where “the success of past reforms (…) diverts attention from the serious long-term challenges.” The “main weakness” of Germany’s demographics, very slow. To remedy “Immigration must increase” in order to accommodate 300,000 people per year. The report also advocates encouraging women’s work, through taxation and law, rather than discourage mothers to work full time.
Berlin needs to invest more. The first European economy should also invest an additional € 24 billion in the next three years, according to the report. More than double the 2018 € 10 billion investment promised by Berlin here.
The map Juncker deemed insufficient. Finally Jean Pisani-Ferry and Henrik Enderlein go beyond the plan presented Wednesday by the President of the European Commission, Jean-Claude Juncker, who expects to generate 21 billion euros of European funds to finance a total of 315 billion euros of projects. According to them, the starting bid is inadequate and that the states should put 30 billion euros more on the table. Jean-Claude Juncker has also already called itself the European capitals to bring their money to support his initiative.
A view shared by the French minister. “We need more real money,” said Emmanuel Macron, citing in particular the possibility to deduct the money spent by the states of European investment calculations of deficit and debt, or to provide a “capacity debt “European fund to be created to invest.
VIDEO. Investments: Macron wants to improve the plan Juncker
The text of the Franco-German report
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