Bundesbank President Jens Weidmann in Le Figaro newspaper:
- Says the European Commission’s decision to give France longer to prove it is serious about economic reform and fixing its excessive public deficit risks damaging the credibility of the bloc’s budget rules
- “I would have hoped for clearer decisions. It would be unfortunate if the impression set in that (EU budget) rules are in the end up for negotiation and that budgetary consolidation can be perpetually put off by national governments”
- “France announced that it will not reach the agreed deficit goal in 2015 and has clearly put back the envisaged correction of its excessive deficit. For me, that does not strengthen the credibility of EU rules”
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