Franco-German divergence on Greece and Investment

Hollande, Juncker and Dijsselbloem desperately tried to find an agreement on Greece up to Tuesday while Germany already considered it was too late and impossible to make progress before Sunday's referendum. 

The divergence between France and Germany was emphasised by Mr Hollande's call on Tuesday to reject 'sweeping statements' and 'sudden breaks', which was directed both towards Mr Tsipras and Mrs Merkel. But PM Tsipras repeated support for a 'No' vote at the referendum has dissuaded France from trying to play the mediator any further. 

According to a report from INSEE, 75% of investment by non-financial corporations is made by just 1% of these companies. "An investment amortization tax cut also could generate savings of EUR25bn for businesses and increase manufacturing investment by 0.6ppts in H2 2015", states Barclays.