In January 2015, the European Commission adopted a communication which explains the flexibility margins in the Stability and Growth Pact and the conditions under which these margins can be activated, spokesperson Margaritis Schinas reiterated on Tuesday 30th August, when asked about the recent statements of the French Prime Minister about the rigidity of the Pact.
The day before, Valls had expressed approval of increased flexibility for the European budgetary rules. "The Social Democrat...