With the gradual introduction of the revised Stability Pact from 2025, the most heavily indebted countries in the euro area, such as France, will not escape fiscal consolidation, according to the European Commission on Monday 15 July.
“It is clear that a fiscal adjustment in France and in other countries (of the European Union) is necessary”, said the European Commissioner for Economic Affairs, Paolo Gentiloni, on his arrival at the Eurogroup. He considered that, for France, the path...