In 2019, Rome and Paris will have to focus on reducing their structural deficits in order to meet the requirements of the European Union's budgetary rules.
The announcement by Emmanuel Macron, the French President, on Monday evening, 10 December, of socio-economic measures to respond to the demands expressed during the ‘yellow vests’ demonstrations, raises questions about France's compliance with the budgetary commitments it has made at European level (see EUROPE 12157).
The...