No reforms to high deficits: The AfD-chairman Bernd Lucke has called for a withdrawal of France from the euro-zone. For him, the country is currently the biggest problem in the euro zone.
The AfD-chairman Bernd Lucke has called for a withdrawal of France from the euro-zone. The land is there the most important problem, the MEP said “Bild am Sonntag”.
“They get their economic problems are not under control, do not keep the deficit limits, show no willingness to reform in France. would be well advised to abandon the euro. ” France may be next to Germany as one of the EU pillars.
Southern Europe and France uncompetitive
Nevertheless, the MEP holds an object of the common currency for unproblematic for the continued existence of the EU. He told the newspaper: “Germany and France in the European Union for decades, different currencies and the EU has developed very well this would be best a reduced Euro-composite, perhaps consisting of Germany, Austria, Benelux, Finland, and the Baltic. States. ”
Southern Europe and France have however proved to be competitive. With their own currencies, they could devalue and offer their own products more cheaply.
France is the EU problem child
France has become more and more a problem child of Europe in recent months. The national debt has grown to more than two trillion euros. This corresponds to 95.1 percent of gross domestic product (GDP). But saving does not want the government. Finance Minister Michel Sapin has announced only in 2017 again meet the deficit limit of three percent of GDP. 2015 will be around 4.3 percent of the minus.
“France has not even tried”
But apparently, the EU Commission will not tolerate this disregard of the rules. As the “Wall Street Journal” reported on Monday plans to Brussels to reject the French draft budget for 2015. One of the lessons from the debt crisis, the governments of the EU Member States must report their budgets to Brussels. “France does not even try to adhere to the guidelines,” the newspaper quoted an EU official.
If you ever do come to the rejection, the euro zone is facing a dangerous power struggle. After all, France is the second largest economy in the monetary union. The big question is whether Paris wants to make regulations from Brussels. France refuses, however, the credibility of the new rules is on the game
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