Bonn-Paris Compromise on Euro Germans Yield on Job Strategy but Insist on 'Stability Pact'

From: International Herald Tribune | Date: June 12, 1997| Author: John Schmid | Copyright information
John Schmid
International Herald Tribune
06-12-1997
Germany withdrew its long-held opposition to a Europewide job creation pledge and predicted Wednesday that the move would cement a critical compromise with France intended to defuse the latest threat to Europe's currency union.

In return for Bonn's willingness to endorse a job strategy, Bonn officials want France's newly elected Socialist-led government to agree to the ''stability pact,'' a German-stipulated accord that impo...

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