www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
World / Europe

EU won't sanction France, Italy on budget yet

(Agencies) Updated: 2014-11-28 21:51

BRUSSELS?- The European Union head office is opting not to sanction two of its biggest economies just yet for missing public finance targets and instead will give France and Italy until the spring to come up with better plans to cut their debts and deficits.

Paris and Rome have been accused of being too profligate in their budgetary spending projects at a time when the EU and the 18-country eurozone have been advocating strict austerity as the best way to get their public finances into shape.

"We will decide in early March whether any further steps are necessary," said EU Economic and Financial Affairs Commissioner Pierre Moscovici.

France could have faced a hefty fine while Italy would have been forced into further budget changes and closer supervision from Brussels if the Commission had acted immediately.

The Commission insisted the extension would not allow laggard countries to get away with wayward spending and that they had to push through changes. "All possibilities, all procedures are open" when the EU makes its assessment in March, Moscovici said.

Since eurozone nations are tied through their currency there is a need for overall controls since wayward economic policies in one nation could pull the whole currency zone down.

Beyond France and Italy, the Commission also has serious criticism of Belgium's budget plans.

The speed with which countries should bring their budget deficits down is a matter of debate in Europe. Some policymakers think spending shouldn't be cut too quickly in order to not hurt growth.

Even Germany, Europe's largest economy, came in for criticism as it was deemed too hesitant in boosting public spending despite favorable financial circumstances.

"Germany actually has sizable fiscal space which could, maybe should be used to boost investment and growth. We believe that this would make sense when interest rates are historically low," Moscovici said.

If only countries like France and Italy had such options.

Emblematic of the difficulties it faces, Italy on Friday reported that unemployment rose to a record high of 13.2 percent in October, up 0.3 percentage points from the previous month.

Though the Italian budget will respect the EU deficit limit of 3 percent of GDP, its overall debt is extremely high and Rome has said it will delay balancing the budget until 2017.

France has a 21 billion-euro ($33 billion) cost-cutting plan for next year and announced an extra 3.6 billion euros on Monday to appease the EU head office. Even then, the country is expected to see a deficit of 4.3 percent of GDP next year.

The EU head office is under heavy pressure to enforce the rules, especially when two of the larger euro economies threaten to flout them. Working with a strict austerity template, it wants to keep member states from building up huge debts of the kind that plunged the region into a crisis five years ago.

Trudeau visits Sina Weibo
May gets little gasp as EU extends deadline for sufficient progress in Brexit talks
Ethiopian FM urges strengthened Ethiopia-China ties
Yemen's ex-president Saleh, relatives killed by Houthis
Most Popular
Hot Topics

...
主站蜘蛛池模板: 嫩草影院在线观看网站成人 | 女人把腿劈开让男人桶的网站 | 久久精品视频在线观看 | 毛片免费观看的视频 | 午夜私人影院免费体验区 | 性欧美高清come | 三级黄色网址 | 久久成年人视频 | 无套内谢孕妇毛片免费看 | 黄色亚洲网站 | 精品国产美女福利到在线不卡 | 国产95在线 | 亚洲 | 国产香蕉成人综合精品视频 | 一区国严二区亚洲三区 | 亚洲三区视频 | 玖玖爱zh综合伊人久久 | 在线视频精品一区 | 久久18| 97国产精品欧美一区二区三区 | 国产成人精品曰本亚洲77美色 | 福利社在线 | 日韩精品福利视频一区二区三区 | 欧美大尺度xxxxx视频 | 国产高清在线精品一区二区三区 | 国产不卡在线播放 | 久久国产美女免费观看精品 | 久久亚洲精品国产精品777777 | 日韩精品亚洲一级在线观看 | 日本污网站 | 成年人网站在线观看免费 | 免费人成激情视频在线观看冫 | 在线精品一区二区三区 | 99在线观看巨臀大臀视频 | 欧美性色xo影院在线观看 | 欧美精品xxxⅹ欧美 欧美精品不卡 | 免费在线一区二区三区 | 亚洲天堂久久久 | 国产高清三级 | 国产精品黄页网站在线播放免费 | 中文精品久久久久国产网址 | 女同日韩互慰互摸在线观看 |