Greece’s Samaras Loses Presidential Vote; Faces Early Elections

EU’s Barnier Urges Continued Fiscal Discipline, WiWo Says

Michel Barnier, the European Union’s financial services chief, said Europe mustn’t sway from the fiscal discipline espoused by Germany as French voters prepare for tomorrow’s presidential election, WirtschaftsWoche reported.

Germany, as the single-biggest contributor to the European Union, is right to insist on budgetary discipline from other member states, the German magazine cited the French politician as saying.

Europe’s fiscal pact, which French presidential challenger Francois Hollande wants to renegotiate, needs to be ratified and implemented as swiftly as possible, Barnier is cited as saying.

To contact the reporter on this story: Angela Cullen in Frankfurt at

To contact the editor responsible for this story: Benedikt Kammel at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.