French President Nicolas Sarkozy urged lawmakers on Tuesday to make an effort to rein in France\'s deficit and make a success of the emergency debt measures he helped pass to save the eurozone. Sarkozy and German Chancellor Angela Merkel took the lead among eurozone leaders last week in thrashing out a bailout deal and reforms to the European financial system to rescue Greece from bankruptcy and stabilise the euro. \"To succeed in this endeavour, to lead our partners with us ... France must set an example by putting in order its public accounts and economy,\" he wrote in a letter to all members of both houses of parliament on Tuesday. \"In France in the coming months we need to unite on essential issues and get over partisan interests.\" Sarkozy\'s call sets him up for a showdown with the opposition Socialists who oppose his efforts to change France\'s constitution to oblige governments to keep a rigorously balanced public budget. A source close to the government who asked not to be named warned that France\'s credit rating could suffer if Sarkozy were forced to call a special assembly to pass the budget law. \"France is the weakest of the AAA-rated countries\" -- a reference to its top credit rating, the source warned.
GMT 11:59 2017 Sunday ,31 December
China temporarily waives taxes to get foreign firms to stayGMT 09:13 2017 Wednesday ,27 December
Israel to halt trade in cryptocurrency-based firmsGMT 10:43 2017 Thursday ,21 December
American Ambassador David Hale meets trade leadersGMT 10:41 2017 Thursday ,21 December
China Pakistan Economic Corridor speedily turning into reality: Ahsan IqbalGMT 10:40 2017 Thursday ,21 December
Eni and Shell to stand trial in Italy over Nigeria kickback scandalGMT 11:48 2017 Tuesday ,19 December
Japan raids firms over alleged maglev bid-riggingGMT 05:36 2017 Monday ,18 December
UBS boss says bitcoins 'not money', urges regulators to actGMT 06:29 2017 Sunday ,17 December
Britain, China speed up bid to link stock marketsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©