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EU Treaty: Germany Warns New French Leader

8:00pm UK, Monday May 07, 2012

Germany's leader says the EU fiscal pact is "non-negotiable"

French President-elect Francois Hollande spent the day with his transition team - as the problems he faces in his anti-austerity drive were thrown into sharp focus by Germany.

He was warned there was no question of unpicking an EU "fiscal treaty" agreed last December.

German Chancellor Angela Merkel told reporters: "We in Germany, and me personally, are of the opinion that the fiscal pact is non-negotiable."

That suggests EU leaders will attempt to agree a non-binding protocol on economic growth, which Mr Hollande believes is missing from the current approach to the crisis.

There is unease among Mrs Merkel's Christian Democrats about what Mr Hollande's centre-left campaign pledges of growth and state spending mean for efforts to contain deficits in the eurozone.

With a week to go before his inauguration as president, the 57-year-old victor arrived at the Socialist party headquarters in Paris where he was greeted by cheering supporters.

Mr Hollande said: "The plan for today is to work. Even if the handover isn't yet done, that'll come with time, we're still fixing it.

"I've got to be prepared. I said I was ready, now I really have to be."

His aides said they reviewed how he may pitch "the priority for growth in Europe" to Mrs Merkel.

The two leaders will meet for the first time next week in Berlin to relaunch the Franco-German partnership that lies at the heart of the European Union and the euro.

Mr Sarkozy, who formally hands over power on May 15, was fulfilling his obligations by hosting the President of the Ivory Coast at the Elysee Palace.

He also struck a conciliatory note by inviting his successor to attend VE Day celebrations in Paris on Tuesday.

As well as the eurozone crisis, there are many other contentious issues in Mr Hollande's in-tray.

He will have to explain his plan to remove French troops from Afghanistan a year earlier than planned to a Nato summit.

And he will start work on trying to balance the budget deficit, while also funding tens of thousands of new public sector jobs.

Sophie Pedder from The Economist told Sky News: "The great worry is that the growth forecast on which Francois Hollande has based his reduction of the deficit is very optimistic."

Mr Hollande won 51.6% of the vote in the presidential run-off, unseating Mr Sarkozy after a fractious campaign in which rising unemployment and the faltering economy were the key battlegrounds.

After hearing the news in his political power base of Tulle, Mr Hollande travelled to Paris to address his supporters in the symbolic heart of revolutionary France.

"In all the capitals... there are people who, thanks to us, are hoping, are looking to us, and want to reject austerity," he shouted above the din.

"You are a movement lifting up everywhere in Europe, and perhaps the world."

http://news.sky.com/home/world-news/article/16223707


Added: May-7-2012 
By: gemini
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Tags: eurozone
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  • i`m from germany and not like Merkel, never gave her my "voice" , 2013 we will elect here and she will be history.. she is neo liberal, she try to hide this and try to show a social mask but this is not true.. also if you hear in europe germany is so good, i tell you, we lost so much money here, all this jobs today are bad paid, some so bad, that you must go to the goverment to get a addition to have a life here.. nobody can plan here a family because the job contracts are most time on More..

    Posted May-7-2012 By 

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  • German Chancellor Angela Merkel told reporters: "We in Germany, and me personally, are of the opinion that the fiscal pact is non-negotiable."

    If anyone is in doubt about our German friends attempt at European domination again, then the sentence should spell it out.

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    • @UKGEZR
      The vast majority of Germany actually didnt want this and still want it to fail miserably. Most even want the German Mark back and ditch the POS Euro that only doubled our living costs in just a few months.

      So she is, as always, lying blatantly.

      Posted May-7-2012 By 

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  • Comment of user 'Amusing' has been deleted by author (after account deletion)!
  • Fuck Der Panzer Bankers.
    They're just finishing what Hitler started.
    Except they use debts instead of bullets.

    Posted May-7-2012 By 

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  • Comment of user 'MB-UK' has been deleted by author (after account deletion)!
  • The austerity measures are the main thing holding the EU's financial infrastructure together. Abandonment of that fiscal strategy will lead to collapse of the Euro and possibly the EU. Greece and maybe a couple other nations will experience anarchy as their governments enter fiscal default.

    Posted May-7-2012 By 

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  • This Europe thing is a bag of shite, sovereign states who arent able to rule themselves!! Why did the people of France and Greece vote?? They thought it was for people to run their countries from within their countries, oh no if you are in the EU. Brussels go to hell.

    Posted May-7-2012 By 

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  • Comment of user 'Goomba' has been deleted by author (after account deletion)!
    • @Goomba
      England screwed up joining, but I guess they were fooled into thinking they would have a leadership position.

      Posted May-7-2012 By 

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    • Comment of user 'Eva_Destruction' has been deleted by author (after account deletion)!
  • Comment of user 'POLUX' has been deleted by author (after account deletion)!
    • @POLUX Why they are paying the EU bills at the moment.

      Posted May-7-2012 By 

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    • @drivenwell2
      And thats why us Germans should indeed fuck off. The German people are paying for this crap, and we dont want to anymore. The EUSSR is an epic fail, and these corrupt politicians needs to grasp this before it ends in total disaster.

      But they dont have anything to lose. they will live like gods for their rest of their lives even if it indeed ends in a disaster. And thats the problem.

      Posted May-7-2012 By 

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  • France should tell the EU to go fuck itself, honestly.

    The US got out of The Great Depression by spending more money, if you recall.

    Posted May-7-2012 By 

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    • @jum_runky
      The New deal prolonged the depression by 7 years! In 1933 the rest of the world were recovering. The US didn't start to recover until 1939 with the ramp up of lend lease and war manufacturing.

      Besides if spending is the answer, where is the money going to come from? more borrowing? So what do you do when the bond rates go through the roof?

      Spending is the cause of the problem yet you suggest even MORE spending!

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    • @mikedelta12

      Temporarily increased taxes, temporary taxes on normally tax-free organizations, fat trimming...lots of sources of income.

      Posted May-7-2012 By 

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    • @jum_runky
      Its not the revenue side, its the out of control spending. Government, no matter what country have proven over and over again that the more revenue taken in, the more they will spend. Politicians spend money on their constituents to get elected. Give a politician a dollar and he'll spend two!

      Also, Increasing taxation merely re-distributes money already in the market, so it doesn't actually contribute to growth. It just lets the elites use your money to buy their power and influence More..

      Posted May-7-2012 By 

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    • @jum_runky I thought it was ww2?

      Posted May-7-2012 By 

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    • @drivenwell2

      Both. FDR raised taxes and spent money to aid recovery in the depression.

      @mikedelta12

      : "Its not the revenue side, its the out of control spending."
      Yes, absolutely. That falls under my "trimming the fat" heading.

      There are countless government money wasting schemes in any sovereign nation.

      Posted May-7-2012 By 

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  • They voted to tighten the financial noose around their necks. Watch what that gets you.

    Posted May-7-2012 By 

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  • France quit NATO, and now France will quit the E.U. One for Two.

    Posted May-7-2012 By 

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    • Comment of user 'Eva_Destruction' has been deleted by author (after account deletion)!
    • @grunt
      France never left NATO. We just left NATO military command in the 60's. We got back after Sarkozy was elected. Not sure what Hollande wants to do.

      Posted May-8-2012 By 

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  • Comment of user 'Eva_Destruction' has been deleted by author (after account deletion)!
  • Oh yeah. The clock is ticking. Nothing like aggrieved Teutonic bondholders to kick off this century's version of Germans gone wild. Just stay away from the pure blood lines thing and other crazy themes and you'll be fine. The rest of Europe refuses to understand that if you want to live like a German then you need to work like a German. Don't make full on concentration/death camps where underground work on super-weapons is going on this time around. Don't go all crazy about scapegoating, ju More..

    Posted May-8-2012 By 

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  • Stupid germans

    Posted May-7-2012 By 

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    • @calahannn
      Yeah they're so stupid that they're just about the only country in that continent that hasn't fucked itself over with out of control spending.

      The rest of Europe would do well to be as 'stupid' as the Germans!

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    • @calahannn Greedy selfish french

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    • @mikedelta12
      Oh yes, we Germans are indeed stupid. Because we pay for their fails. Most Germans want out of the EU, and they wanted that even before all this crap. But they never were asked.

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    • @coolhund

      If your the only voice of reason over there it may be time to turn off the spigot before you all go down the same path.

      BTW, I'm not putting Germans down. I'm using sarcasm to illustrate the fact that the Germans seem to be the only ones who are fiscally responsible on that continent!

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    • @mikedelta12 Not the only country, we Dutch are also in control. Enduring problems because of the crisis, as the Germans, but working hard on our economy.

      Posted May-7-2012 By 

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  • The French trying to screw the arse off the EU again?Well you are gonna have to suck it up like the others.lol

    Posted May-7-2012 By 

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