European Union to accept France running a budget deficit higher than the EU's 3% ceiling in 2019
- "as a one-time exception. However, it must not continue beyond 2019" says EU Budget Commissioner Guether Oettinger
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Background to this is France announced last week that its headline deficit could grow to 3.2% in 2019 (from 2.8 percent initially forecast). Macron is under domestic pressure from the yellow shirt protests to back off spending restricting impact of fiscal reforms.
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Oettinger speaking with Funke media
Those yellow shirts ... They already got a bunch a flowers, a stuffed toy and the girls! Still want MOAR!