Chancellor Angela Merkel’s efforts to contain a cabinet split over European budget concessions have failed to soothe her party.
Prime Minister Matteo Renzi said he is planning three years of legislation to end Italy’s economic stagnation and cited Germany in 2003 as his inspiration.
Luxembourg Prime Minister Jean- Claude Juncker’s candidacy to head the European Commission has been boosted by signs of support from French President Francois Hollande and German Vice-Chancellor Sigmar Gabriel.
German Chancellor Angela Merkel’s government signaled a willingness to be less rigid in interpreting European budget-deficit rules, following calls from France and Italy for more flexibility.
French President Francois Hollande and German Vice-Chancellor Sigmar Gabriel signaled they are ready to back former Luxembourg Prime Minister Jean-Claude Juncker to head the European Commission.
"Countries that are embarking on reforms must have more time to cut their deficits, but it has to be binding-- a binding chance to reform in return for more time."
- Sigmar Gabriel on Jun 16, 2014