French parliament to examine EU fiscal pact in Oct

PARIS Mon Aug 27, 2012 9:47pm IST

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PARIS Aug 27 (Reuters) - French President Francois Hollande said on Monday that legislation to ratify the European Union's budget responsibility pact would be submitted to parliament in early October.

Briefing French ambassadors gathered for an annual meeting in Paris, Hollande also said he believed that euro zone leaders should meet much more frequently during the current crisis.

Socialist Hollande has a majority in both houses of parliament that should ensure ratification of the EU fiscal pact, aimed at restoring faith in the future of the single currency.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.