Bloomberg News

Hollande Says EU Can’t Dictate French Economy Policy, Monde Says

May 29, 2013

President Francois Hollande said the European Commission isn’t in a position to decree French economic policy, Le Monde reported.

The commission isn’t there to “dictate what we have to do,” Hollande was quoted as saying by the newspaper. “We have to respect our European commitments on deficit reduction,” he said, according to the report. “As for structural reform, it’s up to us and us alone to decide what path to take to obtain the objective.”

The commission, the executive arm of the European Union, today advised France to overhaul its pension system by raising the retirement age. Hollande, who partially rolled back a retirement-system reform when he won office a year ago, said earlier this month that longer life expectancy would mean people would have to work longer.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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