PARIS Aug 4 The European Central Bank and EU
powerhouse Germany must do more to boost growth and fight a
"real deflationary risk" in Europe, French President Francois
Hollande told Le Monde daily in an interview.
"A lot will depend on the level of the euro, which has
weakened over the past few days but not enough," Hollande said.
"The ECB must take all necessary measures to inject liquidity in
While the French government has started warning that it
might be difficult to meet an EU deadline to bring its public
deficit under 3 percent of GDP next year, Hollande said:
"We are not asking for any leniency from Germany but we are
asking it to do more to boost growth. Its trade surplus and its
financial situation allow it to invest more. That would be the
best thing it could do for France and Europe."
(Reporting by Ingrid Melander; Editing by Blaise Robinson)