Something is missing from the debate between Brussels, Paris and Rome over France’s budget deficit and Italy’s debt mountain. The European Commission, backed by Germany and many other national capitals, has so far dug in behind the rules of the stability and growth pact (SGP) and insisted that French deficit and Italian debt should be dragged down inside the European Union’s legal limits.
So far, neither the Commission nor heads of government at last week’s summit in Brussels have chosen to confront the negotiating argument presented by Manuel Valls and Matteo Renzi, the French and Italian prime ministers, that Europe must …read more
Source: European Voice
