Much work needed before Germany agrees with EU fiscal rules reform - German FinMin

Much work is needed before Germany can agree with a reform proposal for European Union fiscal rules, German Finance Minister Christian Lindner said on Tuesday. The minister said a considerable number of EU member states were concerned that their views and particular situation weren't adequately addressed in the reform proposal of the European Commission -- among them, Germany. "There is still a lot of work to be done, for Germany to agree," he said.

Much work is needed before Germany can agree with a reform proposal for European Union fiscal rules, German Finance Minister Christian Lindner said on Tuesday. The minister said a considerable number of EU member states were concerned that their views and particular situation weren't adequately addressed in the reform proposal of the European Commission -- among them, Germany.

"There is still a lot of work to be done, for Germany to agree," he said. On the sidelines of the meeting of the Economic and Financial Affairs Council in Brussels, he said the group had adopted some conclusions. "However, these conclusions are not a ‘carte blanche’ for the European Commission," he said.

Lindner said countries expect further consultations with the European Commission before a legislative proposal can be presented. "The train cannot leave the station until its destination is clear," he said.