This was one week Arnaud Montebourg was preparing to go “on offense” as Francetvinfo recalls. By openly criticizing the economic policy nationally on Sunday at the annual festival of the rose Frangy-en-Bresse (Saône-et-Loire), the former economy minister has fired the government of Manuel Valls. He also took the opportunity to lambast, as usual, the policies within the euro area.
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Asked Saturday by The World , Arnaud Montebourg has confirmed its position with regard to decisions taken at the European level. According to him, there are essentially “two problems: the European fiscal policy, with the accumulation of austerity plans in all countries of the Union, and, monetary policy excessively locked.”
“dogmatic deficit reduction”
In the columns of World this weekend, former singer of “de-globalization “strongly condemned the European policy of” dogmatic deficit reduction “which, he said,” is uneconomic because it aggravates unemployment, financial absurdity because it makes possible the restoration of public accounts, and as a political disaster it lays the Europeans into the arms of extremist parties who want to destroy Europe. ”
micro Europe 1 on Monday morning, Arnaud Montebourg has confirmed that “it should not take austerity measures if there is no counterweight by growth measures” and defended a more demand-oriented policy. He suggested including “restore purchasing power to households” in the image of the decisions driven by Italian Prime Minister Matteo Renzi and down “ideological axioms of German right.”
“inflation hawks”
This same German right, led by Angela Merkel, Arnaud Montebourg has always focused in its attacks against the European Central Bank (ECB). In 2013, he had said that “the European Central Bank [was] remarkably inactive, at a time when we need activism and voluntarism”, as reported in Reuters.
In the interview with the World , Arnaud Montebourg went further by calling the ECB officials of “hawks inflation fighting inflation when it disappears forgetting to fight essentially mass unemployment. ” According to him, it is instead necessary to emulate “what all central banks around the world, including countries that were able to restore growth, namely purchase of public debt.”
Arnaud Montebourg arguments defended throughout his speech left the government on Monday afternoon, before announcing he would “return to work among French and continue to defend” what he believes to be “just for France.”
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