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06 June 2013

Reuters: France will reform social model as it sees fit


Prime Minister Jean-Marc Ayrault said that France is committed to reforming its economy and bringing down its budget deficit but will do so as it - not the European Commission - sees fit.

Ayrault said France had already begun to implement reforms and was in discussions with Brussels. "The goals are the same (for) the Commission and my government. But the methods for doing this are our affair. That means we have our special social model that we will defend, but we also know that we have to reform it and will do so", he said.

The EU executive has urged France to rein in public spending, cut labour costs and reform its pension system, in return for winning two extra years to bring its budget deficit below the EU's official ceiling of 3 per cent of gross domestic product.

Full article



© Reuters


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