http://www.aljazeera.com/news/europe/2012/05/20125179618810580.html
France will not ratify current EU fiscal pact | |
New finance minister Pierre Moscovici says eurozone pact must be renegotiated to promote growth rather than austerity.
Last Modified: 17 May 2012 11:44
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Francois Hollande met Angela Merkel hours after being sworn-in as France's new president [AFP]
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France will not ratify the European Union's pact on fiscal discipline unless it is amended to include ambitious commitments to promote economic growth, the country's new finance minister, Pierre Moscovici, has said. "What we've said is the treaty will not be ratified as it stands," Moscovici told France's BFM TV on Thursday. "We're firm on this."
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