THE EUROPEAN COMMISSION ORDERS FRANCE TO BALANCE BALANCE ITS BOOKS .

The  "ORDER" of the "EUROPEAN COMMISSION" to France reflects perfectly an accepted basic economic principle.  It is what one terms as being a good "household keeping" principle for any family anywhere !

Although the orders came from the EUROPEAN COMMISSION, of which Barroso is the President, they reflect totally what the EUROZONE wishes, which is to solve the immediate problems of the "EURO". 

It is true that France, like certain other Eurozone countries, or even EU countries, has problems at present but which for a large part are due to the World-wide economic downturn and the consequent high  unemployment.

The immediate reaction of President Hollande, that neither he nor France has any obligations to obey the injunctions of the "Barroso" Commission, is more than just correct.
      
France as a nation has been summoned to cut its "overheads", i.e. the costs of running the country by its civil service or by reducing the work sub-contracted to "Quangos".  This is not wrong but has Germany lead by Merkel, also summoned Barroso, with insistence, to cut the EU Overheads ?

The fundamental problem for Germany is that the reputation of the EURO must remain solid, come what may.  Germany has always "financed"  the "solidarity" of the EURO and wants other countries to participate actively. 

Nothing can or will change in the immediate future.  Merkel hopes to be re-elected as Chancellor of Germany on 22 September 2013.  Will German Socialists unseat her ?  Merkel is part of a right-wing coalition and nothing is really clear at the moment !
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