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Brussels admonishes France over deficit as election nears – Europe live | France

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Brussels warns France about deficit as elections approach

Seven European countries, including France, do not meet the EU’s deficit criteria, the European Commission announced today.

The move, which triggers a process that could lead to fines, comes as France heads into high-stakes legislative elections later this month.

In a statement, the Commission said:

The Commission prepared a report under Article 126(3) of the Treaty on the Functioning of the EU (TFEU) for 12 Member States to assess their compliance with the Treaty’s deficit criterion: Belgium, the Czech Republic, Estonia, Spain, France, Italy, Hungary, Malta, Poland, Slovenia, Slovakia and Finland. In this assessment, the Commission takes into account relevant factors indicated by Member States in case their public debt to GDP ratio is below 60% of GDP or their deficit is assessed as ‘close’ to the 3% reference value and ‘temporary’.

In light of the assessment contained in the report, the opening of an excessive deficit procedure is justified for seven Member States: Belgium, France, Italy, Hungary, Malta, Poland and Slovakia.

The report under Article 126, Paragraph 3 is only the first step for opening the procedures in case of excessive deficit. In the light of this assessment and after considering the opinion of the Economic and Financial Committee, the Commission intends to propose to the Council to open deficit-based excessive deficit procedures for these Member States in July 2024.

As part of the Autumn European Semester package, to ensure consistency with the adjustment plan set out in the medium-term plans, the Commission will propose to the Council recommendations to end the excessive deficit situation.

Key events

Bernard GuettaFrench MEP from the Renaissance list, published essay entitled “France is not dead yet”.

We don’t know, but on both left and right, this breakdown has reopened the field of opportunity at a time when the presidential camp’s humiliating loss in the European elections added to the unpopularity of Emmanuel Macron, who had already ruled for two years without a parliamentary majority.

France was condemned to a terrifying impasse that would have led to new gains for the far right, but this dramatic turn of events turned the tables and forced everyone to make immediate and radical changes.

More than politics, it’s prestige, but there was probably nothing better to do and… who knows?

French politicians from across the political spectrum have spoken out after two 13-year-old boys were accused of gang-raping a 12-year-old Jewish girl.

The attack is believed to be motivated by anti-Semitism.

“Horror knows no bounds,” it says Nicole BelubeFrench Minister of Education.

“Rape, anti-Semitism: everything is disgusting in this crime committed in Courbevoie against a 12-year-old girl,” she said.

Emmanuel Macronthe French president, told government ministers that the “scourge of anti-Semitism” was threatening French schools, a source close to him told AFP.

L’horreur n’a plus de limites.

Viol, antisémitisme : tout est abominable dans ce crime commis à Courbevoie contre une jeune fille de 12 ans.

Je pense à elle et à ses proches. Justice, École, République : une seule réponse contre la barbarie.

— Nicole Belloubet (@NBelloubet) June 19, 2024

Sean Kelly will be head of Fine Gael’s delegation to the European Parliament.

Emmanuel Macronthe French President, asked the Minister of Education of France to organize an hour in schools this week on the fight against racism and anti-Semitism, reports BFMTV.

Emmanuel Macron asks Nicole Belloubet d’organiser une heure sur la lutte contre le racisme et l’antisémitisme cette semaine dans les écoles pic.twitter.com/orsL8MQeWE

— BFMTV (@BFMTV) June 19, 2024

And here is the center-right leadership of the European People’s Party in the European Parliament for the next mandate.

Here’s more from Reuters on what the far-right National Rally is doing Jordan Bardella told reporters today about his views on Ukraine:

“I want Ukraine to have available the ammunition and equipment it needs to hold the front, but my red line will not change, which is sending equipment that could have the consequences of an escalation in the east of the country. EuropeBardella said.

“So, I don’t plan to send, especially, long-range missiles or other weapons that will allow Ukraine to hit Russian territory. My position has not changed and will not change – it is about supporting Ukraine and avoiding all risks of escalation in the region. And I think the risk of escalation is, of course, real.

“I do not intend to question the commitments made by France at the international level because there is a stake in terms of trust in our European partners as well as our NATO allies,” he added.

Jordan Bardella, president of the French far-right party Rally National (Rassemblement National – RN), stands next to a Leclerc Evolution vehicle during a visit to the Eurosatory international trade fair for land and air defense and security during a campaign trip for the upcoming French parliamentary elections in Villepent near Paris. Photo: Stéphanie Lecocq/Reuters

Manfred Weber has been re-elected as the leader of the center-right group in the European Parliament

Manfred WeberGerman politician and influential political figure in Brussels, was re-elected as leader of the largest group in the European Parliament, the center-right European People’s Party.

What did the European Commission conclude today?

For France, the Commission said:

The government deficit has been above 3% of GDP since 2020; it has declined from 6.6% of GDP in 2021 to 4.8% of GDP in 2022 before increasing to 5.5% in 2023. It is projected to decline to 5.3% in 2024 and 5.0% of GDP in 2025.

Also said:

Government debt decreased from 113.0% of GDP at the end of 2021 to 111.9% at the end of 2022 and further to 110.6% at the end of 2023. It is projected to rise to 112.4% and to 113.8% at the end of 2024 and 2025, respectively.

The commission also said:

According to the Commission’s forecast, budget deficits in Belgium, Estonia, France, Italy, Hungary, Malta, Poland and Slovakia are expected to exceed 3% of GDP in 2025. Deficits above the reference value are therefore estimated to be non-temporary for Belgium, Estonia, France, Italy, Hungary, Malta, Poland and Slovakia.

In contrast, government deficits in the Czech Republic, Spain, Slovenia and Finland are currently projected not to exceed the reference value in 2025 and the excess deficits are therefore assessed as temporary.

What are the EU’s deficit and debt criteria?

Here is a brief explanation from the European Commission:

The deficit criterion is met if the deficit of the consolidated state budget for the previous year (2023) and the planned deficit for the current year (2024) do not exceed 3% of GDP. If this happens, the Commission checks whether the deficit ratio has declined significantly and continuously and is approaching the reference value. It also checks whether the deficit above the reference value is exceptional and temporary and whether it remains close to the reference value.

The relevant factors must be considered by the Commission and the Council in the steps leading to the decision on the existence of an excessive deficit if i) the public debt does not exceed 60 % of GDP, or ii) if the debt exceeds 60 % % of GDP but the deficit is close 3% of GDP and the excess above it is temporary.

According to the Treaty, the debt criterion is met if the gross government debt does not exceed 60% of GDP, unless the ratio declines sufficiently and approaches the reference value at a satisfactory rate.

The far-right National Rally Jordan Bardella said today that France’s role is to enable Ukraine to secure its defense and consolidate the security architecture in the eastern Europe.

L’Ukraine doit pouvoir se défendre.

Le role de la France, c’est de permettre à l’Ukraine d’assure sa Defense et c’est de consolider l’architecture de sécurité à l’Est de l’Europe. #Eurosatory pic.twitter.com/n7keJ2yP1b

— Jordan Bardella (@J_Bardella) June 19, 2024

The Greens elect Eickhout and Reintke as co-chairs of the parliamentary group

The Green Group in the European Parliament has been elected Bas Eickhout and Terry Reintke as co-chairs today.

“European citizens expect European solutions from us and there are many challenges ahead,” Reintke said. “The first is to ensure a reliable and democratic majority in the European Parliament for the next five years. This should not include the far right.

The leader of the New Caledonian independence protest has been arrested

The police enter New Caledonia protest leader arrested Christian Thane at the headquarters of the largest pro-independence political party, the Caledonian Union, the party said, Reuters reported.

Local media reported that eight people were arrested.

Reforms allowing more French residents to vote in the French Pacific territory sparked violent protests last month. However, with the upcoming elections in France Emmanuel Macron said last week that he had stopped the reform.

Brussels warns France about deficit as elections approach

Seven European countries, including France, do not meet the EU’s deficit criteria, the European Commission announced today.

The move, which triggers a process that could lead to fines, comes as France heads into high-stakes legislative elections later this month.

In a statement, the Commission said:

The Commission prepared a report under Article 126(3) of the Treaty on the Functioning of the EU (TFEU) for 12 Member States to assess their compliance with the Treaty’s deficit criterion: Belgium, the Czech Republic, Estonia, Spain, France, Italy, Hungary, Malta, Poland, Slovenia, Slovakia and Finland. In this assessment, the Commission takes into account relevant factors indicated by Member States in case their public debt to GDP ratio is below 60% of GDP or their deficit is assessed as ‘close’ to the 3% reference value and ‘temporary’.

In light of the assessment contained in the report, the opening of an excessive deficit procedure is justified for seven Member States: Belgium, France, Italy, Hungary, Malta, Poland and Slovakia.

The report under Article 126, Paragraph 3 is only the first step for opening the procedures in case of excessive deficit. In the light of this assessment and after considering the opinion of the Economic and Financial Committee, the Commission intends to propose to the Council to open deficit-based excessive deficit procedures for these Member States in July 2024.

As part of the Autumn European Semester package, to ensure consistency with the adjustment plan set out in the medium-term plans, the Commission will propose to the Council recommendations to end the excessive deficit situation.

Welcome to the blog

Good morning and welcome back to the blog.

Send thoughts and advice to lili.bayer@theguardian.com.



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