AMSTERDAM, April 7 Jens Weidmann, the president
of the German Bundesbank and a member of the European Central
Bank board, warned on Monday that the credibility of the euro
zone's budgetary rules is at stake and that France's suggestion
that the bloc's budget deficit targets be weakened is a "test
case" for the rules.
"It's vital that we stick to these rules. It's not enough to
agree new rules, we have to stick to them." Weidmann told Dutch
public television late on Monday. "France is a test case for the
credibility of these new rules," he added.
France's new Finance Minister Michel Sapin said last week
the country would seek a review of its deadline for meeting the
European Union's budget deficit ceiling of 3 percent.
(Reporting by Thomas Escritt; Editing by Eric Walsh)