China.org.cn 2015: 02: 26.09: 04
Officials of the European Union (EU) warned today about a macroeconomic imbalance in Germany and a fiscal problem in France
<. p> They also said that Belgium, the Netherlands, Romania, Finland, Sweden and the UK need supervision and political action to address the fiscal situation.
In a press conference, the European Commissioner for Economic and Financial Affairs Pierre Moscovici, called for more action to resolve 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 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 must not exceed 3 percent of GDP
(Editor: Liu Rosa, Dew Huang).
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