Skip to main content

French Socialists call for weaker euro, eased EU budget rules

France's ruling Socialists called on Sunday for a weaker euro and changes to EU rules on budget deficits, accusing the centre-right governments of Britain and Germany of creating economic hardship across the European Union.

 

At a conference on Europe, Francois Hollande's party adopted a policy paper that toned down earlier attacks on German Chancellor Angela Merkel, providing some relief to the French president as he seeks to ease tensions with Berlin.

"Right-wingers have ruined Europe and thrown Europeans into precariousness," read the preamble to the 13-page policy paper which seeks to woo voters ahead of European Parliament elections in early 2014 where Eurosceptic and far-left and far-right parties are expected to make gains.

"The ambition of the (European) community has been destroyed by an alliance of convenience between British conservatives who only want a Europe on the cheap and a la carte, and the free-market intransigence of the German right," it concluded.

That was a watering-down of an earlier draft which accused a "self-centred" Merkel of wounding Europe with an austerity drive. The text also resisted demands from the left wing of the party for an outright suspension of EU budget deficit rules.

Instead, the paper said the EU Stability Pact, limiting national deficits: "should be revised to incorporate a spirit of cooperation rather than punishment and to prioritise support for growth in each country, respecting (national) specificities".

The text also called for a re-opening of EU austerity plans agreed for Greece, Portugal and Spain; the issue of Eurobonds; coordinated steps to allow a devaluation of the euro, notably against the Chinese and Japanese currencies; an easing of EU state aid rules; and increased funding for the EU.

The paper, while expressing the view of Hollande's party, will not necessarily translate into official government policy. But it will keep pressure on Hollande not to push too far ahead with budgetary rigour.

The two-day meeting in Paris heard an attack on EU leaders by former European Commission President Jacques Delors, who accused them of losing sight of the EU's main goals and creating a "Europe of punishment and alienation".

"I do not like it that when a government goes to Brussels it has the impression of going to see a tough teacher who is going to give it a lecture," the 87-year-old Delors, a former mentor of Hollande, said.

"For me there has been so much talk of the euro that we have completely lost sight of Europe's wider goals," he said to a standing ovation.

Opinion polls show Europeans losing faith in the EU, with disillusionment nowhere higher than in founder member France.

Brussels has given France two more years to bring its budget deficit below a ceiling of 3 percent of output after Paris acknowledged it could not meet the goal this year.

In return, it wants overhauls of France's state pension provision and its rigid labour market - both areas where efforts by past governments have triggered protests and strikes.

Popular posts from this blog

Study Abroad USA, College of Charleston, Popular Courses, Alumni

Thinking for Study Abroad USA. School of Charleston, the wonderful grounds is situated in the actual middle of a verifiable city - Charleston. Get snatched up by the wonderful and customary engineering, beautiful pathways, or look at the advanced steel and glass building which houses the School of Business. The grounds additionally gives students simple admittance to a few major tech organizations like Amazon's CreateSpace, Google, TwitPic, and so on. The school offers students nearby as well as off-grounds convenience going from completely outfitted home lobbies to memorable homes. It is prepared to offer different types of assistance and facilities like clubs, associations, sporting exercises, support administrations, etc. To put it plainly, the school grounds is rising with energy and there will never be a dull second for students at the College of Charleston. Concentrate on Abroad USA is improving and remunerating for your future. The energetic grounds likewise houses various

Best MBA Online Colleges in the USA

“Opportunities never open, instead we create them for us”. Beginning with this amazing saying, let’s unbox today’s knowledge. Love Business and marketing? Want to make a high-paid career in business administration? Well, if yes, then mate, we have got you something amazing to do!   We all imagine an effortless future with a cozy house and a laptop. Well, well! You can make this happen. Today, with this guide, we will be exploring some of the top-notch online MBA universities and institutes in the USA. Let’s get started! Why learn Online MBA from the USA? Access to More Options This online era has given a second chance to children who want to reflect on their careers while managing their hectic schedules. In this, the internet has played a very crucial in rejuvenating schools, institutes, and colleges to give the best education to students across the globe. Graduating with Less Debt Regular classes from high reputed institutes often charge heavy tuition fees. However onl

Sickening moment maskless 'Karen' COUGHS in the face of grocery store customer, then claims she doesn't have to wear a mask because she 'isn't sick'

A woman was captured on camera following a customer through a supermarket as she coughs on her after claiming she does not need a mask because she is not sick.  Video of the incident, which has garnered hundreds of thousands of views on Twitter alone, allegedly took place in a Su per Saver in Lincoln, Nebraska according to Twitter user @davenewworld_2. In it, an unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of the customer recording her. Scroll down for video An unidentified woman was captured dramatically coughing as she smiles saying 'Excuse me! I'm coming through' in the direction of a woman recording her A woman was captured on camera following a customer as she coughs on her in a supermarket without a mask on claiming she does not need one because she is not sick @chaiteabugz #karen #covid #karens #karensgonewild #karensalert #masks we were just wearing a mask at the store. ¿ o