France Opposes Return To Pre-Virus EU Deficit Rules

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People cycle with their bike down the Rue de Rivoli, by the Louvre museum, in Paris on May 19, 2020 as France eases lockdown measures taken to curb the spread of the COVID-19 (the novel coronavirus). THOMAS COEX / AFP
People cycle with their bike down the Rue de Rivoli, by the Louvre museum, in Paris on May 19, 2020 as France eases lockdown measures taken to curb the spread of the COVID-19 (the novel coronavirus). THOMAS COEX / AFP

France opposes a return to the EU’s previous rules on running deficits and public debt after the coronavirus crisis, European Affairs Minister Clement Beaune told AFP on Tuesday.

“We cannot imagine putting the same pact back in place,” Beaune told AFP, referring to EU limits on overspending by member states.

The rules are currently suspended, giving governments free rein to stimulate their economies with major spending programmes to fight a historic recession.

AFP

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