The governments of the European countries intend to continue putting pressure on Germany in order to convince the authorities to use the available funds to recover from regional economic stagnation. Italy and France said that they are not going to give up their demands despite the fact that a promised earlier list of special projects to boost growth is not ready yet. The EU politicians are trying to persuade Germany to soften Angela Merkel's position on spending. At the same time, one of the opponents - president of the Deutsche Bundesbank Jens Weidmann - said that worsening of the market conditions in Europe is in contrast to the economic stabilization in the USA. According to his words, state investments are hardly going to improve the situation on the European market. For context, this year, Weidmann said that central banks are responsible for the monetary stability, while the European politicians solve problems of the single currency bloc. Back then, president of the Deutsche Bundesbank said that it is up to the governments, not the regulators, to decide which country to accept. Besides, some time ago, Schäuble stated that German GDP is not decreasing but is under pressure because of the geopolitical tensions and fall of optimism among investors. He expects a growth of GDP by 1.5% in the next year. According to his words, Germany will remain a "growth locomotive for the eurozone". However, not everyone agrees with him. French Minister of economics Emmanuel Macron said that Europe needs its "New Deal" of 300 billion euro to stimulate investment and trigger growth. Also he promised to speed up the implementation of fiscal reforms in France.
