Good Morning from Germany, where FinMin Lars Klingbeil is meeting his French counterpart Éric Lombard today. Rather than proposing new ideas, Klingbeil might want to take notes on France’s bold reform agenda. To reduce its budget deficit, France plans to cut €43.8bn by eliminating 2 public holidays, overhauling labor laws, and freezing govt spending. If Germany applied a similar plan, it would mean savings of ~€64.5bn.