EU's Dombrovskis says France risks sanctions over national budget

France must cut its structural deficit by more than the announced 0.5 percent, the Latvian Commissioner demands

The Vice-President of the EU Commission, Valdis Dombrovskis, responsible for the euro and social dialogue, does not rule out that France could face sanctions if it does not bring its budget in line with EU rules. “All options are on the table,” the Latvian Commissioner said in an interview with German business daily Handelsblatt published Thursday. France needs to cut its structural deficit by 0.8 percent and not only by the 0.5 percent announced by French President Francois Hollande, Dombrovskis made clear. The cep already pointed out last year in its default index that the French government urgently needs to undertake consolidation and reform measures to boost its competitiveness and creditworthiness