Arab Today, arab today eu chief france\s tax policy has reached limits of acceptability
Last Updated : GMT 08:36:49
Arab Today, arab today
Arab Today, arab today

EU chief: France\'s tax policy has reached limits of acceptability

Arab Today, arab today

Arab Today, arab today EU chief: France\'s tax policy has reached limits of acceptability

Brussels - AFP

France's fiscal policy has "reached the limits of acceptability", with high company taxes weighing on growth, the head of the European Commission told French television late Monday. Even though France's proposed budget is "overall satisfactory", José Manuel Barroso told the LCI network: "Today, the fiscal policy in France has reached the limits of acceptability. "France is by far the country (in the EU) where companies pay the highest taxes and that's a problem for growth and employment." He urged Paris to "reduce public spending", while noting that some effort in that direction was included in the proposed budget. The European Commission on Friday is to give its evaluation of each country in the eurozone in a new measure implemented as part of the effort to stabilise the fragile single currency area. Rating agency S&P last week downgraded French debt by one notch and expressed concerns about policies to reduce the public deficit and raise competitivity. France, the eurozone's second-biggest economy, exited recession with 0.5 percent growth in the second quarter, but is still limping. The eurozone's biggest economy, Germany, on the other hand is blazing along, with data last week showing its trade surplus had hit a record high above six percent of GDP. Barroso said the Commission was planning on Wednesday to "do a deep analysis" of imbalances in the German economy. "It's true that the German surplus is above what is normal," he said. Eurozone partners, the IMF and the United States worry that Germany's economy, driven by exports and relatively weak on domestic consumption, is proving a problem to eurozone recovery. Barroso said: "There are some countries that have lost export markets, for instance France, Britain, Italy. We have to work together so we all become more competitive." On the subject of his mandate, Barroso said he was ready to step down at the end of his second term in October 2014. "Ten years is already a lot. But I want to work to the last minute for Europe," he said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu chief france\s tax policy has reached limits of acceptability Arab Today, arab today eu chief france\s tax policy has reached limits of acceptability

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Actress Mervat Amin reveals her role in new series
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday