Germany insists on EU budget rules, but also 'solidarity'

28th November 2014, Comments 1 comment

German Finance Ministe Wolfgang Schaeuble urged eurozone countries on Friday to stick to Europe's budget rules, but also to show solidarity to partner countries in difficulty.

"All of us must make sure that we stick to the European rules," Schaeuble told German public radio Deutschlandfunk in an interview.

Every country was "jointly responsible for ensuring that growth picks up," the minister said.

But he added: "We know that some of our most important partners are currently in a more difficult situation than we are. We know that we have a joint responsibility and that we must show solidarity."

The European Commission on Friday gave France, Italy and Belgium until March to fix their budgets or risk humiliating penalties for breaking tough eurozone spending rules.

© 2014 AFP

1 Comment To This Article

  • geoff posted:

    on 28th November 2014, 16:46:39 - Reply

    Until the EU brings in controls of people just moving from one state to another,,,,NO one will feel they are secure and NO one will spend more money than is neccessary, therefore the EU will always lag behind in every sector