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29.05.2008 - EC tells France to tighten up on budget

The European Union has warned France that it is not doing enough to reduce its budget deficit in line with EU agreements.

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The first-of-its-kind economic policy recommendation to a member state is seen in Brussels as a rebuke to Paris, which is set to take over the rotating presidency of the EU on July 1. The EU's executive, the European Commission, said in a press release that France made "no improvement" in 2007 and is only expected to make "very limited" progress EU Agrees to Germany's Electricity Unbundling Proposal ...
German spy chief under fire ...
Air France scraps Alitalia bid ...
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France to boost its Afghan forces ...
in 2008-09. All 15 eurozone countries committed last year to balancing their books by 2010, but French President Nicolas Sarkozy has acknowledged that France might not be able to do so until 2012.

(Deutsche Welle)


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