Tree wants to change the “software” of budgetary discipline in Europe – Echoes

French Finance Minister Michel Sapin, awaiting the opinion of the European Commission on the French budget, said Wednesday he was “adapting the fiscal governance framework, our joint program.”
Front senators he called for moving away from a “software prevention of collapse of the euro area is likely” that prevails in his far to go to “software guarantees a sustainable balanced growth.”
“I wish we could improve this framework,” said Sapin, according to the text of his speech that he has not fully delivered. He was referring to large settlements followed by the European Commission to assess the economic and fiscal policies: the “six-pack” and the “two-pack”
“We must first decide guidance aggregated to the area. euro before entering a debate by country if it is not coordination but the juxtaposition, “the Minister of Finance. Mr.
Fir also reiterated that “fiscal policy (should) ensure the continuation of fiscal consolidation without stifling growth, a pace slower reduction in fiscal deficits, and coordinated between members of the euro zone.”
Paris expected imminently the opinion of the European Commission, the guardian of fiscal rules on public finances.
France has already officially buried its target of reducing its deficit to 3% of gross domestic product, is the tolerance set in the Treaties, in 2015. This level may not be reached before 2017.