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France to present joint EU proposal with Germany
February 3, 2011 / 11:04 AM / 7 years ago

France to present joint EU proposal with Germany

PARIS, Feb 3 (Reuters) - France and Germany will present joint proposals on euro zone governance for discussion at an EU summit on Friday, a source in French President Nicolas Sarkozy’s office said on Thursday.

“We wish along with Germany that these commitments will be taken by all the euro zone countries,” said the source, who added that France was hoping for an agreement on a package of crisis measures by March or earlier.

The source said that France would support the introduction of a minimum rate of corporate tax in the euro zone and that proposals for reforming the European Financial Stability Facility (EFSF) included allowing it to buy sovereign debt in the primary or secondary markets.

France will also call for regular meetings once a year at which euro zone heads of state and government could examine progress in coordinating economic policy, the source said. (Reporting by Catherine Bremer and Emmanuel Jarry; writing by Daniel Flynn; editing by Tim Pearce)

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