The European Union’s executive arm is criticizing France for running up excessive debt, a stinging rebuke to President Emmanuel Macron as elections approach.
The European Union's executive arm on Wednesday criticized France for running up excessive debt, a stinging rebuke at the height of an election campaign where President Emmanuel Macron is facing a strong challenge from the extreme right and the left. The EU Commission recommended to seven nations, including France, that they start a so-called “excessive deficit procedure,” the first step in a long process before any member state can be hemmed in and moved to take corrective action.
Le Pen's National Rally and a new united left front are polling ahead of Macron's party in the elections, and both challengers have put forward plans where deficit spending to get out of the economic rut is essential.
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