France-Germany front against inflation

France and Germany pledged today to act together to protect households and businesses from rising energy prices while tackling the high inflation.

The French finance minister Bruno Le Mer and his German counterpart Christian Lindner showed their unity today at the start of eurozone finance ministers’ talks in Prague, telling reporters they would pursue common policies.

“It is a message that France and Germany start the meeting together. It is a message that we are standing side by side, not only here, but also from a political point of view,” Lindner pointed out.

The commitment by the two ministers comes a day after the European Central Bank raised interest rates by 75 basis points and pledged further increases, making tackling inflation a priority even as the eurozone looks set for a winter recession.

“As finance ministers we must keep our commitments,” Lindner noted. “The ECB has sent a strong message on tackling inflation. And that is our duty too – to deal with inflation through fiscal policy,” he added.

“We will protect our households from the effects of high prices. We should do the same with private businesses that are affected by the high prices of gas and electricity,” Le Maire said for his part.

France and Germany, along with other European countries, have announced multibillion-euro packages to help consumers and businesses deal with rising inflation.

Moreover, EU energy ministers are meeting today to work out solutions from a long list of possible measures to protect citizens from high energy prices as winter approaches.

RES-EMP

Read the News today and get the latest news.
Follow Skai.gr on Google News and be the first to know all the news.