EU will 'follow closely' French deficit after Macron measures

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AFP Strasbourg(France)
Last Updated : Dec 11 2018 | 7:10 PM IST

EU economics affairs commissioner Pierre Moscovici on Tuesday said Brussels will keep close watch over France's new spending plans, a day after President Emmanuel Macron unveiled new measures to quell violent protests.

"The European Commission will closely monitor the impact of the announcements made by President Macron on the French deficit and any financing arrangements," Moscovici told AFP.

"We are in constant contact with the French authorities," added Moscovici, who was attending a plenary session of European Parliament in Strasbourg.

Meeting the EU's three percent deficit limit has been a centrepiece of Macron's European strategy in order to win the trust of powerful Berlin and its backing for EU
But he added that "what we should not do as the European Union is intervene in domestic policies so when a government in Italy is presenting its budget it is an Italian budget and in France it is the same."

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First Published: Dec 11 2018 | 7:10 PM IST

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