macron-lost-authority-after-caving-to-yellow-jackets-says-oettinger

Macron ‘lost authority’ after caving to Yellow Jackets, says Oettinger

Budget Commissioner Günther Oettinger | Herbert Neubauer/AFP via Getty Images

Macron ‘lost authority’ after caving to Yellow Jackets, says Oettinger

If UK leaves EU without Brexit deal, it will become ‘a third country like Morocco or Azerbaijan,’ European commissioner says.

By

12/27/18, 8:36 AM CET

Updated 12/27/18, 12:42 PM CET

The EU will accept a French budget deficit above the EU’s 3 percent ceiling in 2018 “as a one-time exception,” Budget Commissioner Günther Oettinger said in an interview published Thursday.

Oettinger told the Funke media group of German newspapers that French President Emmanuel Macron had “lost authority with his budget for 2019” by upping his spending in response to the Yellow Jackets protests, “but he remains a strong supporter of the European Union.”

Brussels reviewed the French budget several weeks ago and won’t be revisiting it, Oettinger added. “It crucial now that Macron continues his reform agenda, especially in the labor market, and that France remains on its growth track. Under this condition, we will tolerate a national debt higher than 3 percent as a one-time exception. However, it must not continue beyond 2019.”

Oettinger also told the Funke media group that there’s still a chance Britain’s parliament will vote in favor of Prime Minister Theresa May’s Brexit deal in January and that “there is certainly no majority for a disorderly Brexit or for a new referendum.”

If the U.K. leaves the bloc without a Brexit deal, it will become “a third country like Morocco or Azerbaijan,” Oettinger said. He added that if Britain withholds its divorce payment in 2019,

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