Arab Today, arab today germany\s schaeuble defends delaying france deficit target
Last Updated : GMT 22:21:23
Arab Today, arab today
Arab Today, arab today

Germany\'s Schaeuble defends delaying France deficit target

Arab Today, arab today

Arab Today, arab today Germany\'s Schaeuble defends delaying France deficit target

Berlin - AFP

German Finance Minister Wolfgang Schaeuble has defended the European Commission\'s decision to give France two more years to meet the EU deficit target of three percent. In an interview with the daily Bild to appear in Sunday\'s edition, Schaeuble noted the European Union\'s growth and stability pact \"allows a certain flexibility in applying the rules.\" He added however that \"the Commission and the (German) government are in complete agreement that there must not be any relaxing of (economic) reforms.\" The Commission offered France extra time after its spring forecasts painted a pessimistic picture of the French economy over the next two years, with its deficit notably rising sharply from 3.9 percent of GDP this year to 4.2 percent next year. For its part France on Saturday said even with a two-year extension it would not relax efforts to reduce public debt. \"There is no question of easing the effort to reduce spending,\" Finance Minister Pierre Moscovici told AFP. In Berlin, however, some members of Chancellor Angela Merkel\'s coalition were not in favour of Brussels\' decision. \"It is a bad sign. I don\'t see that France is engaged in reforms. Giving more time (to France) is the same as saying, continue like that,\" Michael Stuebgen, head of European issues in the conservative parliamentary group, told the German weekly Focus. Another critic, German Economy Minister Philipp Roesler, called European Commission president Jose Manuel Barroso \"irresponsible\" in his handling of Europe\'s budgetary policy. \"It\'s irresponsible when a European Commission president puts in question the policy of budgetary consolidation in the EU countries,\" said Roesler. In order to fight the debt crisis, \"we must boost growth, and consolidate the budgets. We have to make cuts,\" Roesler said, adding that Germany has set \"a good example... We don\'t spend more, but less.\"

arabstoday
arabstoday

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 germany\s schaeuble defends delaying france deficit target Arab Today, arab today germany\s schaeuble defends delaying france deficit target

 



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 germany\s schaeuble defends delaying france deficit target Arab Today, arab today germany\s schaeuble defends delaying france deficit target

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new 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