(Reuters) – Germany will not renegotiate Europe’s fiscal compact on budget discipline and rejects measures to foster growth that would push up debt levels, a government spokesman said on Monday, a day after Socialist Francois Hollande won the French presidential election.
Hollande has said he wants a renegotiation of the so-called fiscal compact agreed by European leaders in March in an attempt to end more than two years of crisis. He has signaled that a new growth pact to complement the tougher budget rules could also be acceptable.
via Germany rejects growth steps that push up debt | Reuters.
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