2nd LD Writethru: EU warns of macroeconomic imbalance in Germany, fiscal problem in France

The European Union officials on Wednesday warned of macroeconomic imbalance in Germany and fiscal problem in France, adding that Belgium, the Netherlands, Romania, Finland, Sweden and Britain requiring monitoring and policy action to address fiscal situation.

Delivering a speech in a press conference, European Commissioner for economic and financial affairs Pierre Moscovici called for more actions to address the fiscal imbalance in member states such as France.

"Reforms undertaken by France go in the right direction, but not enough to correct current problems. We expect France to present a new and ambitious reform programme in April," Moscovici said.

The EU emphasized the need to take policy action by countries with fiscal problems, including Belgium, Italy, the Netherlands, Romania, Finland, Sweden and Britain.

The EU fiscal rules said a national debt for a member state should be lower than 60 percent of GDP and annual deficit no higher than 3 percent of GDP.

For the EU's biggest economy Germany, the EU said the country with a strong growth also need to change the way of its economic.

"We don't want to undermine German export success, but we can't turn blind eye to the risks of lack of public and private investment," Moscovici said.

"We considered Germany to be in a situation of macroeconomic imbalance in need of decisive policy action," Moscovici added. Endit