As the US debates the merits of a second stimulus package, France and Germany appear determined to resist a further large-scale discretionary boost to their economies.
Although bracing itself for social unrest this autumn, the French government believes it has done enough to support the economy. Its €26bn (£22bn, $37bn) stimulus package, unveiled late last year, comes on top of one of the most generous social safety nets in the industrialised world.
In Germany the political consensus also remains firmly against further measures, not least because the government cannot yet determine the impact of its two previous stimulus packages, worth a combined €81bn.
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