Dutch central bank president Klaas Knot has criticised the way France is getting round EU budget rules, the Volkskrant reports.
Knot has described it as ‘scandalous’ that other EU countries are allowing France to get away with bending the rules, the Volkskrant said on Thursday evening.
Two weeks ago the French government won an extra two years to get its budget deficit under the eurozone limit of 3%. Dutch prime minister Mark Rutte and finance minister Jeroen Dijsselbloem both supported the decision.
The Netherlands was in a similar situation to France two years ago but was not given any leeway, the Volkskrant points out.
Knot made the comments at the presentation of the Dutch central bank’s annual report. ‘By 2016, the euro will have existed for 16 years and France will have had a too-high budget deficit for 11 of those years,’ he said.
‘You can come up with a valid reason for every one of those years but… this pile of deficits is damaging the public’s faith in European treaties and the euro.’
Spain, Portugal and Ireland are examples of how it should be done, he said.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.