Sweden’s Bildt Says Hollande May ‘Wake Up’ to EU Pact, Welt Says

May 5 (Bloomberg) -- Swedish Foreign Minister Carl Bildt urged French presidential candidate Francois Hollande to recognize the economic challenges Europe faces in his bid to oust incumbent Nicolas Sarkozy, Die Welt reported, citing an interview.

French politicians will eventually “wake up” to the crisis, though when they do, it may be such a “brutal awakening” that it will have repercussions for the rest of the continent, the former Swedish prime minister is cited as saying in the German newspaper.

Hollande has repeatedly called for a re-negotiation of the budget pact agreed by European leaders in March, saying it needs to place more emphasis on growth.

To contact the reporter on this story: Angela Cullen in Frankfurt at acullen8@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net