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8/9/12

French court hands Hollande victory with EU ruling

France's Constitutional Council ruled on Thursday that the EU's budget responsibility pact did not require a change to the constitution, easing its path to ratification and removing a headache for Socialist President Francois Hollande.

The ruling allows Hollande's government, which had insisted it would not write a budgetary rule into the constitution, to press ahead with implementing the pact in September using a "super-law" which it can pass with its parliamentary majority.

A constitutional reform would have required a three-fifths majority of a special joint session of parliament, forcing Hollande into an embarrassing reliance on the conservative opposition and potentially delaying ratification until December.


Read more: French court hands Hollande victory with EU ruling | Reuters

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