France asks Germany to invest €50 billion

France asks Germany to invest €50 billion
France asks Germany to invest €50 billion in Europe. Photo: AFP
The French government has called on Germany to invest €50 billion in its own infrastructure over the next three years to jumpstart eurozone growth as France strives to reduce national debt.

French president François Hollande has appealed in writing to Chancellor Angela Merkel to plough €50 billion into German infrastructure over the next three years, Der Spiegel news magazine wrote on Monday.

Hollande believes the move would spur growth in the wider eurozone and contribute to France's efforts to reduce its national deficit, the magazine said.

France is battling to reduce state spending by the same amount, €50 billion, by 2017.

The French demand was not greeted warmly in Berlin, government sources told the magazine.


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