Saturday 25 March 2017

Brendan Keenan: Sarkozy and Merkel agree to harmonise tax policies

Ideas of larger rescue fund and collective euro bonds put on ice

Brendan Keenan

Brendan Keenan

The leaders of Germany and France yesterday promised to start harmonising their taxes as an example to Europe of how to avoid future crises -- a statement which may set alarm bells ringing in Ireland.

Chancellor Angela Merkel and President Nicolas Sarkozy met in Freiburg to establish their positions in advance of next week's EU Summit.

They appeared to kill the ideas of both a larger rescue fund and the issue of collective euro bonds -- which were being hotly debated yesterday -- at least in current circumstances.

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