PARIS: Sanctions may be necessary against France if the EU and Paris fail to agree on whether the country's deficit-cutting and reform efforts are sufficient, EU Economics Commissioner Pierre Moscovici said on Monday.
The European Commission is due to say this week whether it considers that France's efforts to reform its economy and bring its public finances in order are sufficient.
"I hope we are going to reach a good deal, a good deal is always better than bad sanctions," Moscovici said on France 2 television. "But sanctions may be necessary if there is no deal."
Moscovici, a former French finance minister, said that reform law aimed at liberalising various professions was a step in the right direction, but France needed to go farther.
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