Bundesbank Chief Says France Must Take Deficit Cuts Seriously

France has a special responsibility as a euro zone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on Sunday.

Weidmann told the Bild am Sonntag newspaper that the credibility of the new euro zone rules would be hurt if their flexibility were pushed to the limit right at the start.

“The economic developments in some countries have indeed been weaker than expected and the …

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