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16 Aug 2011 16:14

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World: France and Germany are doing their best to help the economy

  • Germany and France feel absolutely determined to strengthen the Euro as our common currency and further develop it.
  • Angela Merkel, the German Chancellor • Talking about Germany and France’s new plan of joint taxation. They’re drawing up plans to have a common corporate tax rate beginning in 2013. Both countries are having difficult economic issues, in fact Germany’s GDP only grew 0.1% from March to June, which means it’s basically at a standstill. Germany and France are hoping that joint taxation would strengthen confidence in the Euro, which would be great for both their economies.  source