Frankrijk is 'bezuinigingsmoe'
Frances Finance Minister Pierre Moscovici said that his country is suffering adjustment fatigue as he reiterated his governments push for policies to spur growth and fight unemployment.
Our people, they feel that there is something of an adjustment fatigue, and they want jobs, jobs, jobs, he said in an interview with Bloomberg Television at the Group of Seven meeting of finance chiefs in Aylesbury, near London. It doesnt mean that now we can be relaxed -- we cannot be relaxed. But it means we must think structural reforms. We must first of all reduce structural deficit and at the same time we preserve the capacity of France to grow and to create jobs.
France and Germany have in the past clashed on the need to soften austerity, though Moscovici said his German counterpart Wolfgang Schaeuble now understands Frances push to gain additional time to cut its deficit. European Union Economic and Monetary Affairs Commissioner Olli Rehn earlier this month floated giving France two more years to meet EU deficit rules.
