Saturday, August 23, 2014

French Finance Minister lashes out against cuts and calls … – Expansión.com

French Finance Minister lashes out against cuts and calls … – Expansión.com

PARIS, 23 (EUROPA PRESS)

The French Minister of Economy, Arnaud Montebourg, has criticized the new economic austerity policies promoted by the government of President François Hollande and his prime minister, Manuel Valls, and ensured that the cuts recavan growth.

“We must change our policy decisions. should be offered alternatives,” he said Montebourg in an interview published Saturday by the newspaper ‘Le Monde’ in which warning risk of recession in Europe.

remarks came just days after the defense by Hollande in favor of reforms and accelerate them boosting relief for Empress.

Montebourg is known for his public austerity and accuses reviews these policies and the European Commission to strangle the economic recovery in order to contain public deficit. “We have to give priority to overcome the crisis and to relegate to the background the dogmatic deficit reduction which is leading to austerity to a continuous increase in unemployment,” he warned.

The minister has not Hollande expressly mentioned, but he noted that France does not exclude criticism. “Today deficit reduction in a rush is an unprofitable economic aberration by aggravating unemployment is a financial absurd and impossible to stabilize public finances. It is a political incident that casts the Europeans to the arms of the extremist parties, “argued the Montebourg.

The Minister himself has referred explicitly in contrast to Germany, which says it is” trapped by the politics of austerity that has been imposed across Europe. “

The latest data from zero growth in the French economy for the second quarter have forced the Government to abandon its objectives for growth and deficit reduction in 2014 and 2015 previously input Valls as prime minister led to the approval of cuts and breaks for companies intending to drive growth.

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