Monday

22nd Apr 2019

Chirac attacks Stability Pact

French President Jacques Chirac has reopened the debate on the EU's Stability and Growth Pact by announcing in his traditional Bastille day television address that it should be more flexible.

Mr Chirac has put the issue firmly onto the Eurozone finance ministers' agenda just hours before they are due to meet in Brussels.

Read and decide

Join EUobserver today

Support quality EU news

Get instant access to all articles — and 18 year's of archives. 30 days free trial.

... or join as a group

In the TV interview, Mr Chirac said he wants the Eurozone finance ministers "to examine together provisional methods for relaxing" the pact which obliges Eurozone countries to limit their budget deficit to less than 3% of GDP.

According to Mr Chirac, the ministers must find a solution which is coherent with stability requirements and which makes it possible not to decrease growth at a moment where member states are trying to revive the European economy.

The French President insisted that it was not about changing the Pact, but that the "circumstances in certain countries" must be taken into account.

France, along with Germany, is having severe problems sticking to the terms of the Pact.

Agence France Presse writes that the feeling among diplomats was that the highly controversial debate surrounding the Pact would be left until after the summer recess.

Spiegel Online quotes the Commission as saying only, "We will see what happens this evening".

Monetary Affairs Spokesperson, Gerassimos Thomas could not be drawn further, said the Online German news site.

Commissioner reignites scrap over euro rules

The rules governing the euro need to be "whipped into shape" according to EU Trade Commissioner, Pascal Lamy. His intervention is likely to reignite the scrap between big and small member states.

Feature

Romania enlists priests to promote euro switchover plan

Romania is due to join the single currency in 2024 - despite currently only meeting one of the four criteria. Now the government in Bucharest is enlisting an unlikely ally to promote the euro to the public: the clergy.

Trump and Kurz: not best friends, after all

The visit of Austrian chancellor Sebastian Kurz to the White House on Wednesday showed that the current rift in transatlantic relations is deepening by the day.

Stakeholders' Highlights

  1. Counter BalanceSign the petition to help reform the EU’s Bank
  2. UNICEFChild rights organisations encourage candidates for EU elections to become Child Rights Champions
  3. UNESDAUNESDA Outlines 2019-2024 Aspirations: Sustainability, Responsibility, Competitiveness
  4. Counter BalanceRecord citizens’ input to EU bank’s consultation calls on EIB to abandon fossil fuels
  5. International Partnership for Human RightsAnnual EU-Turkmenistan Human Rights Dialogue takes place in Ashgabat
  6. Nordic Council of MinistersNew campaign: spot, capture and share Traces of North
  7. Nordic Council of MinistersLeading Nordic candidates go head-to-head in EU election debate
  8. Nordic Council of MinistersNew Secretary General: Nordic co-operation must benefit everybody
  9. Platform for Peace and JusticeMEP Kati Piri: “Our red line on Turkey has been crossed”
  10. UNICEF2018 deadliest year yet for children in Syria as war enters 9th year
  11. Nordic Council of MinistersNordic commitment to driving global gender equality
  12. International Partnership for Human RightsMeet your defender: Rasul Jafarov leading human rights defender from Azerbaijan

Latest News

  1. Romania drafts EU code on NGO migrant rescues
  2. Bulgaria, Hungary, and Malta shamed on press unfreedom
  3. EU drafts $20bn US sanctions list in aviation dispute
  4. Brunei defends stoning to death of gay men in EU letter
  5. US Democrats side with Ireland on Brexit
  6. Wifi or 5G to connect EU cars? MEPs weigh in
  7. How Brexit may harm the new EU parliament
  8. EU parliament backs whistleblower law

Join EUobserver

Support quality EU news

Join us