[Ticker] France says EU fiscal discipline rules ‘obsolete’

EU Reporter

Eurozone rules on maximum national debt levels — the stability and growth pact — are no longer relevant in an era of pandemic, war, and gross inflation, French finance minister Bruno Le Maire told the FT in an interview. “The debt rule is obsolete, simply because you have a gap of more than a hundred percentage points between one country and another in the same monetary union,” he said.