Tags: EU | Rehn | Merkel | Hollande

EU's Rehn 'Amazed' by French Criticism of Brussels

Friday, 31 May 2013 08:35 AM

The European Commission's economic chief, Olli Rehn, said he was "amazed" that France had criticized his team for recommending reforms while Paris also proposed more economic coordination for the euro zone.

France's President Francois Hollande on Thursday pledged to carry out economic reforms but added it was up to Paris, not the European Commission, to determine how they are implemented.

Hollande, together with German Chancellor Angela Merkel, have also proposed that the 17-nation euro zone should appoint a full-time president and hold more frequent summits to coordinate economic policy.

"I'm slightly amazed how France on one day underlines the need for euro zone economic governance and on another it criticises the Commission for giving well-grounded recommendations," Rehn, the EU's economic and monetary affairs commissioner, told a seminar in Helsinki.

He later told reporters he was open to any criticism, and added he believed the French leader was committed to reforms.

"President Hollande visited Brussels a few weeks ago, and we had a constructive discussion about wise fiscal policy and necessary structural reforms. My [view] is that he is very committed to reform the French economy," Rehn said.

Unveiling reform recommendations for European Union countries on Wednesday, the Commission urged France to rein in public spending, revamp pensions and cut labor costs in return for a two-year reprieve on budget deficit targets.

Rehn added on Friday he expected the countries with reprieves would "utilize their breathing space efficiently to strengthen [the] economy and employment."

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Markets
The European Commission's economic chief, Olli Rehn, said he was amazed that France had criticized his team for recommending reforms while Paris also proposed more economic coordination for the euro zone.
EU,Rehn,Merkel,Hollande
243
2013-35-31
Friday, 31 May 2013 08:35 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved