France, Spain hail German coalition deal
France and Spain's leaders on Wednesday welcomed German Chancellor Angela Merkel's deal to create a coalition government as a boon for Europe.
President Francois Hollande, visiting Madrid for a summit with Prime Minister Mariano Rajoy, said the German agreement came "at the right time".
Merkel's deal for a government with her main rivals the Social Democrats, includes the creation of a minimum wage in Europe's top economy and increased financing for education and infrastructure.
Hollande welcomed in particular the plan to introduce a minimum wage in Europe's most powerful economy.
"It is something we have requested from Germany for a long time given the competitive distortions than can exist in some industries, especially agriculture," he told a joint news conference after the summit.
Hollande also said the agreement to boost infrastructure investments would have consequences for activity in Germany "and the whole of Europe".
"If the agreement is confirmed, I would say it comes at the right time," Hollande said.
"I think it heads in the right direction."
Spain's premier hailed the deal for its promise of providing stability over the next four years.
"It is good for Germany but I think it is also good for Europe," Rajoy said.
© 2013 AFP