SME Times is powered by   
Search News
Just in:   • Sensex, Nifty settle 1% low; US Fed's policy guidance weighs  • Asian markets tumble to 15 month lows  • Liquor manufacturers asks Kerala Govt to tweak commision conditions  • With Air India on-board, Tatas emerge as major aviation players  • EU directs WhatsApp to inform consumers about use of personal data 
Last updated: 27 Sep, 2014  

Hollande.9.Thmb.jpg EU will not dictate finance policies to us, says French President

   Top Stories
» Rajpath brims over with patriotic fervour as India celebrates R-Day
» Budget needs to support incomes for consumption push
» 'India must plan to export more of defence equipment'
» Goyal reviews fast track implementation of infra projects
» 71% jump in gems and jewellery exports
IANS | 30 May, 2013
French President Francois Hollande has said the European Commission (EC), the executive body of the European Union (EU), cannot "dictate to France what to do" to rebalance its ailing finances.

On Wednesday, the EC told Paris it should swiftly start reforming its pension system to rebalance it by 2020, further cut labour costs and reduce public spending to bring its budget deficit down in line with the European request.

"Anyway we have to make such reforms and we will do it in justice and with responsibility," reported Xinhua Wednesday citing Hollande during his visit to French town of Rodez.

"Concerning the structural reforms, including pension reforms, it is up to us, and us alone, to say what is the right way to achieve the goal," he said.

Pledging to reach zero deficit by 2017 from an expected 3.7 per cent of the gross domestic product (GDP) this year, Hollande said he would "initiate a discussion with social partners".

Earlier this month, the European Union (EU) gave France two more years to reach its financial commitments and "to correct the excessive deficit at the latest by 2015" instead of 2013.

Print the Page Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 27 Jan, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter