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France's deficit is : No horse-trading with Paris

In Bercy, you have pointed back to the pencils. In the Paris district, where the Ministry of Finance has its headquarters, is currently expected. France's government is working on a new Plan for the Budget in 2019. According to the words of the Prime Minister, Edouard Philippe, the budget will show expected to be a new borrowing, the performance of the EU allowable three percent of the economy.

The social peace will cost tens of billions of euros

The EU Commission would be well advised, if they would not participate. You should to Paris, a similar Rigor as compared to the sinners in Rome. The whole discussion of France's debt would not have arisen if not for the yellow vests would have gone on the road. But the head of state, Emmanuel Macron was forced to buy on the Rapid social peace and, in addition, tens of billions of euros to spend. While it is true that Macron makes more money in the wallets of minimum wage earners are flowing and pensioners relieved. The EU deficit rules, he can't but still long.

Macrons government is not aware that an increase in the budget for the coming year would be without any funding in the EU to communicate. The Only one that would appreciate such an Affront to the budget Keeper in Brussels, would be the extreme-Right Marine Le Pen. In the eyes of the European deficit rules are already nothing more than a "dictation", which would soon put an end to this. However, because the Pro-Europeans Macron understands very well the value of a sustainable management of the budget, he wants to get at least a part of the ten billion in another place: tax cuts for businesses will come later than planned, the state should cut spending by at least a billion euros.

In this way, a horse-trading between Paris and Brussels is on the horizon. The billions that wants to scratch Macron for the Budget, should lead to a deficit of 3.2 percent of economic output. But this is not for the French EU monetary Affairs Commissioner Pierre Moscovici is not a Problem, as long as the deficit is exceeded. The Brussels authority has apparently no Problem to show themselves against a big member state like France complacent when it comes to the Etatregeln.

"Because it is France"

Moscovicis attitude arouses unpleasant memories of a Manifestation of EU Commission chief Jean-Claude Juncker from the year 2016. His authority brumme Paris because of the disregard of the deficit, no penalty rules, "because it is France," Juncker said at the time, tersely. If the EU Commission should waive, in the case of France, again on a strict interpretation of the rules, you could lose a lot of credit. With a hard stance in the dispute over the Budget of the populist government in Rome has acquired Brussels-a new credibility. The Commission should not waste it.

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