European officials line up against French deficit reprieve


BERLIN: The top conservative candidate for European Commission president and the head of the German Bundesbank have come out against granting France more time to cut its deficit, warning such a move would set a dangerous precedent for other EU states.

Jean-Claude Juncker, the former prime minister of Luxembourg and longtime head of the Eurogroup forum of euro zone finance ministers, said in Berlin that France should not receive "special treatment" again after it was given two extra years to reach deficit targets only last year.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read