Do France and Germany now have more reasons to implement common economic policies?
France and Germany have traditionally diverged on the economic policies to be implemented: As Germany is a lender and France is a borrower, they have not had the same desires as regards interest rates; As Germany has a large-scale industry while industry is small in France, they have not had the same interest as regards the exchange rate; As population ageing is far more advanced in Germany than in France, they have not had the same views on fiscal policies; The ordoliberal policy practised in Germany and the more state intervention policy practised in France have led to divergence as regards industrial policy. It has therefore been very difficult to define economic policies that would suit both Germany and France. But at present, due to the drastic decline in traditional industries (automotive, chemicals, capital goods) in Germany and the need for energy transition, a new common ground between the two countries (public investments in new technologies, renewable energies, transport of the future, joint technological choices, etc.) can probably appear .