France’s finance minister Lombard: France is doing its job on defense spending in Europe

France’s finance minister Lombard:

• France is doing its job on different spending.
• The effort should be shared more equally among EU member states

German finance minister says:

• It is possible to comply with NATO quarter for regular budgets, doing it with borrowing would be temporary
• The rules are about debt sustainability in the long run. Changes will need to respect this while giving greater flexibility.
• It would be a target reform or physical rose to allow countries to increase defense spending.

This article was written by Greg Michalowski at www.forexlive.com.