EU agreement could be blocked by elections in France
The electoral campaign in France could bolca fiscal governance program agreed by EU leaders at a summit last week, warned the French Minister of Budget, Valérie Pécresse, who believes that President Nicolas Sarkozy opponents could delay the necessary legislation.
"Speed is vital to restore confidence. France must set an example. It was originally the treaty with Germany and would be paradoxical if the agreement would be blocked for three months because of presidential elections. We call for national unity" , commented Pécresse radio station Europe 1.
Francois Hollande, the main opponent of Sarkozy's election in April and May, it opposes the proposal to introduce President constituiţie need a balanced budget, so-called "golden rule".
Hollande, the Socialist Party representative, said in turn, following Pécresse's statements that he would renegotiate the agreement at the EU summit if he wins the presidency.
EU states except Britain, Brussels agreed on Friday to conclude a new treaty to strengthen fiscal governance and economic policy coordination. Under the agreement, balancing the budget must be introduced in the constitution of each state to participate in the new treaty.
Governments should implement the necessary legislation after ratification by parliaments.
Without the support of socialists, Sarkozy government has not qualified two-thirds majority needed to amend the constitution.
French presidential elections will take place next year in two rounds in late April and early May.