Jean-Claude Juncker says France does not have to follow budget levy rules "because it is France" (Photo: EC - Audiovisual Service / Photo: Adam Berry)

Ignoring our problems leads only to crisis

The Commission’s decision to turn a blind eye to the deficits of Spain and Portugal does not bode well for the future. It may yet lead to another crisis and undermine our rules-based Union.\n \nThe European Commission still has another chance to decide. Are Spain and Portugal off the hook for their fiscal imbalances? This follows a move, earlier this year, to make similar exceptions for France.\n \nIt was the decision to not apply these rules from the beginning that sowed the seeds for the so...

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