Plan proposed to counter EU 'stagnation'
Economists offer trade-off between French labour market shake-up and German infrastructure investment boost
Paris
WARNING that Europe risks a "stagnation trap", leading French and German economists have proposed reforms and investments to revive growth in the eurozone's two biggest economies, but Berlin swiftly dismissed a key proposal to boost its public investment.
Henrik Enderlein, of Germany's Hertie School of Governance, and Jean Pisani-Ferry, head of the France Strategie government think tank, offered an implicit trade-off between shaking up the rigid French labour market and regulated professions, and a public investment boost in creaking German infrastructure.
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