PARIS: Bundesbank President Jens Weidmann said the European Commission's decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc's budget rules.
"I would have hoped for clearer decisions. It would be unfortunate if the impression set in that (EU budget) rules are in the end up for negotiation and that budgetary consolidation can be perpetually put off by national governments," the head of Germany's central bank told France's Le Figaro newspaper.