On Wednesday 22 November, the European Commission unveiled its opinions on the 18 draft 2018 budgets sent to it by all of the Eurozone countries with the exception of Greece.
In particular, the European institution takes the view that the French draft contains a risk of non-compliance with the rules of the ‘preventative’ arm of the Stability Pact, whereas France was supposed to end its excessive deficit in 2018 and come out of an excessive deficit procedure in place against it since...