France backs fiscal tie-up

City A.M. Reporter
FRANCE said yesterday that it would support taking steps towards budgetary integration in Europe, but the first priority must be to agree measures to solve the debt crisis.

After talks in Paris with his German counterpart Michael Link, France’s European affairs minister Bernard Cazeneuve said issues could be worked on in parallel but a fiscal union could not be built until the crisis was brought under control.

“We very much wish to continue the political discussion on the process of greater economic and monetary integration and we believe, like our German friends, in the building of a political Europe,” Cazeneuve said.