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France: Macron risking higher borrowing

French President Macron risked by his concessions to higher new borrowing - and in Trouble with the EU. He had promised to make the budget for the future.

EU economic and monetary Affairs Commissioner Pierre Moscovici, the EU-control of the French debt charge. The current French crisis is a national matter, the intra-French needed to be solved and the EU are not affected directly, said Moscovici on the radio station France Inter.

However, the Commitments made by President Emmanuel Macron to mean even higher indebtedness of France. The debt already accounts for about 97 percent of the economic power and significantly more than the Maastricht ceiling of 60 percent. Estimated at over ten billion euros a year Macrons Promises to beat beech. Overtime should be in future admitted free of duty, retirees with less than 2000 Euro in a month, nor social security numbers, and the minimum monthly wage is to be increased by 100 Euro.

France after the speech of the President of Macron
tagesschau 12:00 PM, 11.12.2018, Mathias Werth, ARD Paris

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