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"France, but also Germany, have a special responsibility, as heavyweights in the eurozone, to...

"France, but also Germany, have a special responsibility, as heavyweights in the eurozone, to take seriously the new deficit reduction rules," Bundesbank chief Jens Weidmann says, becoming the second official in a week to remind France of its obligation to cut its budget deficit to 3%, even if it takes a few extra years. There is a "certain amount of flexibility" in the rules, Weidmann continues, but their "credibility won't be enhanced if one were to exhaust [that] flexibility right at the start." Translation: Weidmann doesn't want anyone pushing their luck.
Comments (3)
  • dividend_growth
    , contributor
    Comments (2895) | Send Message
     
    Weidmann is still stuck in the 19th century and he will do Eurozone in.
    20 May 2013, 12:11 AM Reply Like
  • kashirin
    , contributor
    Comments (52) | Send Message
     
    this is right
    he is so stupid
    he should encourage 20% deficit
    it's so easy. money can be printed
    why suffer
    20 May 2013, 12:17 AM Reply Like
  • Patent News
    , contributor
    Comments (1321) | Send Message
     
    hahaaha what a dumb argument, he doesn't seem like an evil man.
    20 May 2013, 02:15 AM Reply Like
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