About: http://data.cimple.eu/news-article/4ac4be866dcd5a1dbbaa860bf0af02064bdd01a605f2578a4cd72c0a

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About: http://data.cimple.eu/news-article/4ac4be866dcd5a1dbbaa860bf0af02064bdd01a605f2578a4cd72c0a Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	France on Thursday called on the EU to suspend its strict budgetary rules for member states for this year and next due to the severe hit economies have taken during the coronavirus pandemic. "Nothing would be worse than to relaunch the economy while putting the brakes on public spending," French Finance Minister Bruno Le Maire told Le Figaro newspaper. "That's the mistake we made in 2009," he added, referring to the aftermath of the 2008 financial crisis. "We hope that the stability pact rules will be suspended for 2020 and also for 2021," Le Maire said. Under European Union rules, member states cap their budget deficits at three percent of GDP, and maintain a debt-to-GDP ratio of no more than 60 percent. Earlier this week European Central Bank head Christine Lagarde said that the coronavirus crisis would be a good occasion to modernise the EU's Stability and Growth Pact, its core economic policy guidelines which set the budget rules. The pact has effectively been suspended by the crisis, with Brussels agreeing to allow the 27 members to go way beyond such spending and borrowing limits as they try to get their economies going again. "I think that the terms of the Stability and Growth Pact ought to be reviewed and simplified before it is put back in place when we have got out of this crisis," Lagarde said on Monday. tq/lem/dlm/pvh/dl
schema:headline	France wants EU budget rules suspended through 2021
schema:mentions	European Central Bank Debt-to-GDP ratio Le Figaro Bruno Le Maire Great Recession Budget of the European Union Finance minister Christine Lagarde Brussels Gross domestic product European Union Pandemic France United States Coronavirus Interest rate cap and floor PVH (company)
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-05-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	81 (xsd:integer)
http://data.cimple...tology#hasEmotion	anger

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