French President François Hollande has increased pressure on Berlin and the European Central Bank to do more to pick up the sluggish economy and do more to fight the risk of deflation.

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Hollande said that unprecedented low inflation was making it all that much harder for France to meet EU fiscal targets next year, according to an interview with French daily Le Monde.

“Weak inflation has negative fiscal consequences on revenues as well as on debt. A lot will depend on the level of the euro, which has weakened over the past few days but not enough,” Hollande told the daily. “The ECB must take all necessary measures to inject liquidity in the economy.”

His comments came one day after France and Germany – two former enemies – shared a centenary commemoration of the outbreak of the First World War on an Alsace mountain that witnessed some of the most intense bloodshed.

In a departure from this image of growing friendship, Hollande said the best service Germany can do today is invest more given its trade surplus and financial edge.

The ECB also appeared on Thursday unlikely to jump on any new action – and leave it’s ratest he same – during its monthly meeting despite worries of eurozone deflation.

Rather, it said it would maintain in “wait-and-see” mode as it continues to monitor major stimulus measures taken in June.

While the objective of the ECB is to keep inflation below the 2 percent mark, it has languished in its danger zone of below 1 percent for months.

Hollande’s call for action followed strong words from Prime Minister Manuel Valls on Friday that the French economy will face real challenges in the coming months, while pointing blame at European policies that have failed to divert its track.

Since his inauguration, Hollande has advocated the need for stimulus measures to help promote growth and ease the pain of the eurozone crisis to the contrary of German Chancellor Angela Merkel who’s a staunch supporter for fiscal discipline.

Both leaders are set to discuss the ongoing economic woes in two upcoming meetings in the coming weeks.

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