Open

Coming up

Don't miss

Replay


LATEST SHOWS

AFRICA NEWS

Air Algerie investigation continues

Read more

AFRICA NEWS

Dozens of youths trampled to death on Conakry beach

Read more

AFRICA NEWS

Ebola death toll tops 700

Read more

MEDIAWATCH

UNRWA official breaks down over Gaza deaths

Read more

DEBATE

Argentina Defaults - Kirchner Cries Foul Over 'Vulture Funds' (part 2)

Read more

DEBATE

Argentina Defaults - Kirchner Cries Foul Over 'Vulture Funds'

Read more

MEDIAWATCH

Renault's women drivers ad deemed sexist

Read more

FOCUS

Constitution prohibits Aung San Suu Kyi to run for president

Read more

THE BUSINESS INTERVIEW

War and Markets, with Steen Jakobsen, Chief Economist at Saxo Bank

Read more

  • Israel and Hamas 72-hour ceasefire begins

    Read more

  • Dozens killed and injured in Taiwan gas blast

    Read more

  • Interactive: France’s new plan to counter jihadism in Africa

    Read more

  • Regional summit to tackle deadly Ebola outbreak

    Read more

  • Argentinian markets plummet following default

    Read more

  • French Jews speak of growing fear in Paris amid Gaza conflict

    Read more

  • Video: Inside Hamas ‘terror’ tunnels in Gaza

    Read more

  • Sierra Leone declares state of emergency over spread of Ebola

    Read more

  • Investigators reach MH17 site amid 24-hour ceasefire

    Read more

  • France remembers murdered socialist hero Jean Jaurès

    Read more

  • Air France ground workers to strike on August 2

    Read more

  • Scores feared dead in India landslide

    Read more

  • Russia ordered to pay further €1.9 billion to Yukos shareholders

    Read more

  • Iraq's Christians: Nowhere to Run?

    Read more

  • Russia defiant as US, EU unveil 'phase three' sanctions

    Read more

Europe

German politician slams France as eurozone's 'problem child'

Text by News Wires

Latest update : 2013-02-22

Michael Fuchs, a leading member of German Chancellor Angela Merkel’s Christian Democrats party, said Friday that France is the eurozone’s “problem child”, adding that the country must scrap its 35-hour work week and hike the age of retirement.

A leading member of German Chancellor Angela Merkel's conservatives said Friday that France was a "problem child" in the eurozone and must scrap its 35-hour work week as well as push back its retirement age.

"The French must save to become more capable of acting. They must of course also make economic reforms," Michael Fuchs, deputy chairman of the Christian Democrats' parliamentary group told public radio.

"They must change the working hours. You know that the French still have the 35-hour week. That can't work when in Switzerland people work 42 hours, in Germany 40 hours," he complained on Deutschlandfunk radio.

He was speaking before the European Commission announced that France's public deficit was set to be worse than expected in 2013 and 2014, veering up to 3.7 percent of output this year and 3.9 percent next year.

The EU sets a ceiling of 3.0 percent of output.

France's wages and work ethic have been under the international spotlight this week after the head of US tyremaker Titan, Maurice Taylor, mocked French workers for putting in only "three hours" a day, prompting a sharp retort from Paris.

Fuchs also criticised France on its pensions policy. "It's simply necessary for people to work longer. You cannot retire at 60, that doesn't work any more. The French must consider that," he added.

"Unfortunately France is a problem child in the euro, since other countries have done their homework substantially more intensively. Spain, also Italy under (outgoing Premier Mario) Monti...," he said.

"The whole eurozone must be internationally competitive. And there, the French are far behind."

Asked to comment on France's public deficit, Merkel's spokesman Steffen Seibert said it was not for the German government to assess but that states must do their homework to win back confidence in Europe.

"The chancellor has always made clear that in her opinion the crisis is not over. We have achieved much... There is still much to achieve," Seibert told a regular government news conference.

(AFP)

Date created : 2013-02-22

  • FRANCE

    French minister is an 'imbecile', says US tyre boss

    Read more

  • FRANCE

    France slams ‘extremist’ Titan CEO over Goodyear slur

    Read more

  • FRANCE

    US tyre boss mocks ‘crazy’ French unions

    Read more

COMMENT(S)