This made me chuckle …..
BRUSSELS (AP) — Leading European finance officials clashed Thursday over whether the 18-nation eurozone’s budget deficit rules are so strict that they choke off economic growth, and the International Monetary Fund called for the rules to be overhauled.
France, Italy and others who are struggling to meet the fiscal targets are pushing for more flexibility but are facing an uphill battle from the bloc’s economic heavyweight, Germany.
“The right rhythm for each of the countries has to be found” in regard to debt and deficit reduction, French Finance Minister Michel Sapin said in Luxembourg.
But German Finance Minister Wolfgang Schaeuble said the existing rules provide sufficient flexibility and insisted that solid public finances and structural reforms will spur growth and job creation.
The push for more leeway comes as the eurozone is emerging from years of crisis that…
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