BUSINESS
Paris and Berlin celebrate 25 years of economic marriage
09 May, 2013
Celebrating 25 years of working closely together on their economies, Germany and France’s Economic and Financial Council met on Tuesday at a moment when many have been saying the relationship was breaking down.
With iconic cars, a Beetle and a 2CV outside, inside there was no sign of obsolescence in Europe’s much-vaunted “special relationship”, as the central bank bosses and finance ministers presented a united front as they tried to dispel the idea that Berlin and Paris are no longer
singing from the same hymn sheet.
The two countries have followed very different industrial paths in the last few decades, but France believes they are still complementary, Euronews informs.
Germany’s industrial powerhouse fuels its export-led growth while France gets the most out of consumer goods while leaving older industries to wither away. Politically they remain close, but economically the divide between them is growing, with the EU providing the bridge between them.
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