Frankfurt am Main (AFP) – France and Italy will not be held to different standards on their budget deficits, European Commissioner for Economic Affairs Pierre Moscovici said Wednesday, insisting that “the rules are the same for everybody.”
Rome, facing possible EU sanctions over its big-spending budget, has demanded similar treatment for France where President Emmanuel Macron’s concessions to “yellow vest” protestors threaten to blow-out deficit targets.
“There will be no privileged treatment for some and exaggerated toughness for others,” Moscovici said.