French budget deal leads to discontent in Brussels
Not punishing Paris for missing targets is a wrong signal to investors: officials
Sat, Mar 07, 2015 - 5:50 AM
POLITICAL CALCULATIONS: Mrs Merkel, seen with Mr Juncker, says France's budget deal made sense. But Berlin officials admit politics lie behind it and that embarrassing Mr Hollande would fuel anti-EU rivals such as the far-right National Front.
FRANCE, Germany and the European Commission believe leaving Paris unpunished for persistently failing to curb its budget deficit was a wise compromise that bolsters the euro.
But it takes little effort to find EU officials who say it sends a signal to governments and...