Tribune européenne, Futuribles Journal n° 384

Économie, emploi - Géopolitique - Institutions - Société, modes de vie

The Franco-German Couple and Budgetary Discipline

Since the creation of the European Community in 1957, the construction of Europe has largely been down to Franco-German cooperation and the capacity of those two countries to overcome their differences to advance the economic and political integration of the continent. However, Jean-François Drevet tells us, this “exemplary cooperation” seems to be running up against its limits in the current context of crisis and excessive indebtedness of the states of Europe. For it is clear that Germany, which made sacrifices to overcome the cost of reunification in the 1990s, intends that today’s debt-distressed European states will do the same, so as not to drag down the entire European edifice with them in their (potential) fall. France, not greatly attracted by the budgetary conception its Rhenish neighbour has of the Union, would prefer the option of a European “economic governance”, allowing considerable scope for the inter-governmental element. However, its economic and budgetary situation, which is far worse than that of Germany, hardly puts it in a position of strength. It is hence a sound bet, concludes Drevet, that the Union will only be able to get out of the economic and political impasse in which it finds itself through an evolution towards federalism inspired by the Rhenish model.

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