EU Pact Can Handle Extra French Deficit Spending, Moscovici Says
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The euro-area stability pact has enough flexibility to accommodate extra deficit spending planned by France, and the European economic recovery isn’t threatened by the attacks on Paris, European Commissioner Pierre Moscovici said.
“The stability pact is flexible and intelligent,” Moscovici, the bloc’s commissioner for economic and financial affairs, said on France Inter radio on Saturday. “There is no need to undermine the pact. We need to make it live by taking into account the situation.”