Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Hollande depicted as Hitler

Read more

EYE ON AFRICA

Boko Haram crisis: Militants forced from north eastern Nigerian town

Read more

REPORTERS

Syria: Wresting control of Kobani from IS group

Read more

FRANCE IN FOCUS

A who's who of the 'Bettencourt trial'

Read more

FOCUS

Golan Heights on edge...

Read more

THE BUSINESS INTERVIEW

Eugene Kaspersky: Cyber attacks on critical infrastructure 'just a question of time'

Read more

#THE 51%

Equality in the workplace: Bridging the gender pay gap

Read more

ENCORE!

The culture stars trying to save the world

Read more

#TECH 24

Technology helping visually impaired people

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)