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UPDATED: 02/26/2015 – 8:55
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Officials of the European Union (EU) warned today about a macroeconomic imbalance in Germany and a fiscal problem in France
They also said that Belgium, Holland, Romania, Finland, Sweden and the UK need supervision and policy to address the fiscal situation action.
In a press conference, the European Commissioner for Economic and Financial Affairs, Pierre Moscovici, called for more action to solve the fiscal imbalance in Member States such as France.
“The reforms undertaken by France moving in the right direction, but not enough to correct the current problems. We hope that France present a new ambitious reform program in April, “Moscovici said.
The EU stressed the need for countries with fiscal problems undertake political action, including Belgium, Italy, Netherlands, Romania, Finland, Sweden and the UK.
The EU fiscal rules state that the national debt of a Member State must be less than 60 percent of its gross domestic product (GDP) and its annual deficit should not exceed 3 percent of GDP
On Germany, the largest economy in the EU, the European bloc said the country, with strong growth, also need to change the direction of the economy.
“We will not undermine the success Export of Germany, but we can not stop watching the risks of lack of public and private investment, “Moscovici said.
” We believe that Germany is in a state of macroeconomic imbalance and needs a decisive political action . “you said
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