Don't miss

Replay


LATEST SHOWS

THE INTERVIEW

'Accusations of terrorism are false', says Qatar's foreign minister

Read more

IN THE PAPERS

Philando Castile's death poses questions that still need answering

Read more

BUSINESS DAILY

Costco piles products high to lure French consumers

Read more

IN THE PAPERS

When it's hot...how much skin can you show at work?

Read more

EYE ON AFRICA

Top South African court okays secret ballots in Zuma no-confidence vote

Read more

PEOPLE & PROFIT

Paris Air Show: Big plane builders face increasing competition

Read more

MEDIAWATCH

Brexit opens door for Macron to push for greater European integration

Read more

THE DEBATE

Macron's marching orders: New French president's first EU summit

Read more

MEDIAWATCH

Handling the heatwave

Read more

France

Hollande proposes four changes to EU fiscal pact

Text by News Wires

Latest update : 2012-04-25

French Socialist presidential candidate François Hollande said Wednesday that if elected, he will submit four proposals for renegotiating the EU fiscal treaty, including the creation of eurobonds and a financial transaction tax.

AFP - French presidential frontrunner Francois Hollande said Wednesday that if he is elected he will send his European partners four proposals to amend the EU fiscal pact.

Speaking at a campaign news conference ahead of the May 6 election, he also welcomed a comment from European Central Bank chief Mario Draghi, who earlier said the continent needed joint measures to support growth.

"The day after the vote, if I receive a mandate, I will address a memorandum to the heads of state on renegotiating the treaty," Hollande said.

Hollande said he would call for "the creation of eurobonds, not to pool debts but to finance industrial infrastructure projects" and "free up more financing possibilities from the European Investment Bank."

He also said he would call for "the creation of a tax on financial transactions" and "mobilising the remnants of European structural funds that are now unused."

Hollande also said he welcomed the remarks by Draghi, "who has himself just said that the fiscal pact needs to accompanied by a growth pact."

 

Date created : 2012-04-25

  • FRENCH ELECTIONS 2012

    Hollande looks to far right as he forges runoff strategy

    Read more

  • FRENCH ELECTIONS 2012

    Sarkozy looks to TV debates to snatch election victory

    Read more

  • FRENCH ELECTIONS 2012

    Le Pen wants to conquer the French right wing

    Read more

COMMENT(S)