The French finance minister calls for resistance against the policy of Germany in the EU Full Text in: actualidad.rt/economia/view/138221-francia-resistencia-austeridad-alemania-ue?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome Economy Minister of France, Arnaud Montebourg, urged on Sunday to seek alternatives to austerity imposed by Germany and urged to seek more effective alternatives. Montebourg was already famous in France for its frequent rush against austerity, but his latest comments perish embarrass the French president, François Hollande, who said a few days ago that did not appear in its policy of retreat based on cuts and tax breaks for companies, according to Reuters reports. It is time for France to resist the obsession of Germany by austerity, we need to promote alternative policies that support domestic consumption in the euro area, said Montebourg. The government should focus less on debt reduction and further encourage domestic consumption, one of the traditional pillars of the economy, he added. Montebourg also added that deficit reduction measures undertaken since the crisis in the Euro zone in 2008 have deteriorated European economies and governments must change course soon. Exchange of words Office of Hollande did not want to show reactions to the words of the Minister of Economy. However, one next to Manuel Valls, French Minister of Spanish origin, source confessed to Reuters that Montebourg has gone too far. The government should focus less on debt reduction and further encourage domestic consumption. One thing is making statements on economic policy, and the other is to make harsh statements against our European partner, Germany, said the source, who declined to give further details. Since six years ago in the collapse of the banking group Lehman Brothers and desencadenase and the global economic crisis, only the United States and the United Kingdom have recovered its economic growth, while European economies remain stagnant and recession, Montebourg said Sunday. The global financial crisis has exacerbated the problems of the EU, threatening the very existence of the eurozone, whose fate is still hanging by a thread. Full Text in: actualidad.rt/economia/view/138221-francia-resistencia-austeridad-alemania-ue?utm_source=browser&utm_medium=aplication_chrome&utm_campaign=chrome
Posted on: Mon, 25 Aug 2014 04:20:50 +0000
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