EU's Rehn: EU Member States should respect fiscal pact

FXStreet (Łódź) - European Commissioner for Economic and Monetary Affairs Olli Rehn assured on Thursday that the EU fiscal pact is sufficiently flexible and that it is important for EU Member States to respect it.

He suggested that at the upcoming Eurogroup meeting in Louxembourg, which will be his last as EU Commissioner, Finance Ministers would most probably focus on the fairness of EU fiscal rules.

Rehn also said that France is expected to meet the EU deficit objective next year. Moreover, he added that Greece should meet bailout requirements with delays but that it would return to the correct fiscal path.