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France should copy Germany’s reforms to thrive

Europe needs to be united in a globalised political world, writes Gerhard Schröder in the Financial Times:

»Today, many European countries, especially France, face similar challenges to the ones Germany did a decade ago. Structural reforms are necessary because of excessive debt, as well as demographic developments and international competition. Staying ahead in competitiveness on a worldwide scale must be the priority for France and for Europe. From our experience with Agenda 2010, we learnt that it takes a few years for the effects to work through to producing visible success. I am confident that our friends in Paris will act accordingly.«

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