EU's Rehn says further French budget savings not needed
PARIS Dec 21 (Reuters) - France does not seem to need further belt-tightening, as it has a credible budget, the European Union's top economic official said in a newspaper interview published on Friday.
"Additional savings measures are not essential," EU Economic and Monetary Affairs Commissioner Olli Rehn said in an interview in daily Le Monde. "Once you have a credible medium-term budget strategy, including on reforms, you can have a softer adjustment."
Rehn also said France needed to carry out labour market reforms to tackle unemployment and that existing pension reforms should be extended.