Franco-German letter urges move to common taxes
A Franco-German letter sent yesterday to European Council President Herman Van Rompuy, also called for faster convergence of financial regulation and labour market policies.
The call for faster convergence alongside a series of reforms to counter the debt crisis suggests Berlin and Paris want to keep the pressure on countries like Britain to back pan-European regulation of finance and on Ireland to bring its low corporate tax rate closer to that of its peers.
