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Horny, Gérard


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1 article of this author has been cited in the European Press Review so far.


Slate - France | 22/10/2014

France can't hope for mercy on its deficit

France is the only country in the Eurozone whose budget plan for 2015 foresees new debts of more than three percent of GDP. By yet again failing to meet the EU budget deficit requirements, Paris cannot be sure that the EU Commission will give the budget its blessing, the online magazine Slate warns: "France stands every chance of passing its budget policy test in Brussels - provided it takes the matter seriously and doesn't take the lenience of the Commission and the other member states for granted. It's true that the economic situation is delicate, and that the ECB's very relaxed monetary policy is not sufficient to guarantee growth. But make no mistake: the Socialist Party is a little too inclined to think that everyone is on our side, including the IMF and the OECD, and that France will be defended if it fails to adopt an all-too rigorous policy. But this interpretation is wrong."

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