Commitments to yellow West: Oettinger calls for EU deficit proceedings against France

Because of the billion-dollar Pledges made by the French government to the “yellow West” and the resulting increase in borrowing by the EU budget Commissioner Günther Oettinger (CDU) calls for an EU excessive deficit procedure against France. The country was a violation of the with the exception of the year 2017 “is the eleventh year in a row against the new debt rule,” said Oettinger, the German news magazine “Focus”, according to a preliminary report by Friday.

“And the expenditure that Mr Macron has now promised are not one-off Christmas gifts, but are structurally long-lasting expenditure,” said Oettinger. “He’s not coming in the year 2020.”

the French head of state Emmanuel Macron is received with billion-dollar concessions to the “yellow West”-protest movement. In addition to the increase in the minimum wage, among other things, also tax-free end-of-year payments are provided.

the government estimates The cost to a total of around ten billion euros. Therefore, the French budget will not be in the coming year is likely to be against the EU rules. The government currently expects a deficit of 3.2 percent of economic output, the EU allows a maximum of three percent. Originally it was planned for 2019, a deficit of 2.8.

John Torrendo

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