French President Nicolas Sarkozy’s call for the European Central Bank to promote economic growth shows he is promoting France’s interests, the head of his party told the Financial Times Deutschland.
Jean-Francois Cope, who leads the Union Pour Mouvement Populaire, said in an interview published today that France will be “as demanding on its euro-area partners as they are,” backing Sarkozy’s call on ECB policy adjustments, the FTD reported. France agreed to budget cuts that are “desires that stem from Germany,” Cope said, according to the newspaper.
At the same time, Sarkozy and the UMP differ on fiscal policy from their Socialist challengers in this year’s presidential race, he said. The party will stick to budget- cutting policies and ease the economy’s dependence on domestic consumption, he said.
“Europe must surely hope for the victory of Nicolas Sarkozy,” said Cope, who denied that the French president’s relationship to German Chancellor Angela Merkel has cooled.
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