Sustainability pledge in Franco-German deal

French president Jaques Chirac and German chancellor Gerhard Schröder yesterday presented a joint plan of investments to boost their countries' ailing economies. "Sustainable development" is one of the sectors targeted for investment, although no details emerged on the specific projects or their funding. While emphasizing the need to promote economic growth, the Franco-German document also warned the European Commission of the "risk of excessive regulation", reiterating criticism of its highly controversial plan to overhaul chemicals policy (EED 17/09/03). See joint press conference transcript (in French) and German government press release (in German).

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