(MENAFN) Eurozone's two biggest economies, France and Germany, pledged to take action to boost investment in the area amid sluggish economic conditions, AFP reported.
Germany is helping France to draw up a pact with the European Commission on deficit reduction and structural reforms to win Brussels' approval of the 2015 budget plans.
France believes that Germany could help the eurozone's sluggish economy by loosening its purse strings and increasing investment to match the savings Paris is seeking to make in public spending.
"We agreed to draw up a joint paper by the time of the next Franco-German economic council, which will contain the investment possibilities in both countries," German Finance Minister said.
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