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France election: Hollande threatens to veto fiscal pact
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Race
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| Contributor | La Fayette |
| Last Edited | La Fayette Apr 18, 2012 08:11am |
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| Category | News |
| Author | BBC News |
| News Date | Wednesday, April 18, 2012 06:10:00 AM UTC0:0 |
| Description | Francois Hollande, the Socialist tipped to win France's presidential vote, has said he will not endorse the EU fiscal compact if it fails to promote growth.
"If the pact contains no measures for growth, I can't recommend it for ratification..." he told Germany's Handelsblatt business daily.
The agreement on ensuring budget discipline among EU states is meant to be approved by January.
It has been championed by Mr Hollande's rival, President Nicolas Sarkozy.
German Chancellor Angela Merkel, the pact's key proponent, has backed Mr Sarkozy's re-election campaign.
The fiscal compact was signed in March by leaders of all but two of the EU's 27 member-states - the UK and the Czech Republic.
Recent French opinion polls suggested Mr Sarkozy would narrowly beat Mr Hollande in the first round of the election on Sunday, but would lose by a wide margin in the second, on 6 May.
However, a new (CSA) poll conducted over Monday and Tuesday has Mr Hollande winning the first round, too, by 29 percentage points to 24 for Mr Sarkozy. A separate (BVA) poll conducted on the same days gives Mr Hollande a two-point lead. |
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