| Author (Person) | Peel, Quentin, Smyth, Jamie |
|---|---|
| Series Title | Financial Times |
| Series Details | 24.4.12 |
| Publication Date | 24/04/2012 |
| Content Type | News |
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Article reported that fears were growing in Germany that the process of ratification of the eurozone’s new fiscal pact could be called into question if François Hollande, the Socialist party candidate, wins the French presidential election in May 2012 and insists on changes to boost economic growth. The German parliament might decide to delay its own ratification process pending clarification of the status of the treaty, according to parliamentary officials, with the opposition Social Democratic party and the Green party withholding support for the agreement. Any such delay could destabilise the financial markets and cause severe embarrassment to other eurozone governments, in particular the Irish government, which was due to hold a referendum on the treaty on 31 May 2012, according to a leading supporter of the German government. |
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| Subject Categories | Economic and Financial Affairs, Law |
| Countries / Regions | Europe, France, Germany, Ireland |
