Bloomberg News

Baroin Says Treaties to Increase Euro-Area Budget Coordination

November 24, 2011

Nov. 24 (Bloomberg) -- French Finance Minister Francois Baroin said that Germany and France will seek to include measures to push euro-region countries toward an increased coordination of their budgetary policies in upcoming amendments to European treaties.

Baroin spoke on Europe 1 today after a meeting of leaders of France, Germany and Italy in Strasbourg. He said the euro- area’s building ’’wasn’t optimal’’ and needs to be fixed.

President Nicolas Sarkozy will make a speech before a summit in Brussels on Dec. 9 and unveil further measures France plans to fight the economic crisis, he said.

--Editor: Alan Crosby

To contact the reporter on this story: Helene Fouquet in Paris at hfouquet1@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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