Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


French Minister is threatening

In an interview for the German Handelsblatt, the French Minister of Economy Christine Lagarde suggested that European countries that do not respect deficit limits should be punished. Lagarde proposes that the punishment could be to forbid those States to participate in EU decision-making. This sounds at least strange coming from the Minister of a country with 8% budget deficit and huge public debt.

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