Merkel raps Italy, France over budgets
Euro zone finance ministers meet in Brussels to discuss member states’ 2015 budget plans. We know the European Commission thinks France, Italy and Belgium are breaking EU deficit rules but will defer decisions on any action until March. At that point, France could face a multi-billion euro fine and Italy and Belgium be put on a disciplinary programme.
In an interview with German daily Die Welt, Germany’s Angela Merkel called on Italy and France to take steps to rectify their budgets ahead of the March deadline.
Sandro Gozi, Italian undersecretary for EU affairs, said Merkel should focus on German domestic demand, its lack of investment and its giant current account surplus.… Seguir leyendo »