Germany's Schaeuble defends delaying France deficit target | Bangkok Post: news

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Germany's Schaeuble defends delaying France deficit target

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German Finance Minister Wolfgang Schaeuble has defended the European Commission's decision to give France two more years to meet the EU deficit target of three percent. 

German Finance Minister Wolfgang Schaeuble speaks to journalists at the informal meeting of Economic and Financial Affairs Council (ECOFIN) ministers at Dublin Castle in Dublin, Ireland, on April 12, 2013. German Finance Minister Wolfgang Schaeuble has defended the European Commission's decision to give France two more years to meet the EU deficit target of three percent.

In an interview with the daily Bild to appear in Sunday's edition, Schaeuble noted the European Union's growth and stability pact "allows a certain flexibility in applying the rules."

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