BERLIN, Oct 27 (Reuters) - Eurogroup chief Jean-Claude Juncker was quoted on Wednesday saying he ruled out any change to the European Union treaty which involved the suspension of voting rights for member states that breach budgetary rules.
“To spell it out clearly: withdrawing voting rights from budgetary sinners is not a feasible path, and I rule out any change in the EU treaty on this issue,” Juncker, who is also Luxembourg’s prime minister, told German daily Die Welt.
Juncker added that a Franco-German deal over reform of the EU’s budget rules earlier this month was not viable.
“This agreement is not acceptable as it is because it does not guarantee any strict stability approach or any stability pact with teeth,” he said.
Writing by Dave Graham
Our Standards: The Thomson Reuters Trust Principles.