French PM urges more EU budget flexibility, weaker euro


  • World
  • Tuesday, 16 Sep 2014

PARIS (Reuters) - European nations must use all the flexibility allowed by EU budget rules to ease fiscal tightening, and the euro needs to weaken further to revive growth, French Prime Minister Manuel Valls said on Tuesday.

In a speech to members of parliament ahead of a confidence vote, Valls said that European countries faced weak growth and a risk of deflation, which is holding back public revenue in France.

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