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The Euro stability Pact: Same rules for all

failed to In the coming year, both Italy and France with their liabilities against the EU-rules. Why is the excitement in a country bigger than the other?

Is measured in Europe, double standards? At first glance, it looks like it. Because if Italy wants to make debt, is indignation. In the case of France, however, everything remains silent. Pushes Brussels, around both eyes, because President Emmanuel Macron is different than the Italian government, a great friend of Europe?

The French President Macron is considered to be Europe's friend.

so simple the thing is. There is for all Euro countries solid rules. This is the so-called growth and stability Pact. There are two important rules. Firstly, If a government spends more than it earns, then the so-called deficit, so the budget hole may not be larger than three percent of the total economic output of the country. In the case of Italy it should be 2.4 percent, in France it could be because of the expensive promises made by Macron, just over three percent. It's really a clear thing. Italy is not out of the picture, and France.

Italy's mountain of debt is 2.3 trillion Euro

but There's also the second rule. The says that the entire debt must not be higher than 60 per cent of the economic power and as it looks in the case of Italy is bleak. The country is sitting on a gigantic mountain of debt of almost 2.3 trillion Euro, a figure with twelve zeros. This corresponds to a rate of 132 percent. More only Greece. In France there are currently 97 percent. Also clearly a lot, but not quite so threatening. In addition, the French economy is growing faster than the Italian. And Italy is in breach of, since 2016 against the Euro-rules.

debt is a temporary Problem

France has observed, however, in the past year, all of the requirements for the first Time since 2007. In addition, the EU has in the valuation of a certain amount of leeway. Debt countries, tackling credible reforms and money in Jobs and investment, have more of a Chance, halfway unscathed.

In France, the budget Commissioner, Pierre Moscovici, by the way, is himself a Frenchman: the new debt is a temporary Problem says, and can be tolerated.

France's debt is probably higher, 16.12.2018 Italy remains in the budget dispute, the hard, 13.11.2018 Atlas |Germany |Berlin


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