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Europe Daily Bulletin No. 10626

5 June 2012
ECONOMY - FINANCE - BUSINESS / (ae) france
Paris says it will meet 2013 deficit target

Brussels, 04/05/2012 (Agence Europe) - The French finance minister, Pierre Moscovici, said in Brussels on Monday 4 June that France would be reducing its excess deficit to below the 3% cut-off point in 2013 and would reach a balanced budget in 2017. He said the 2013 target could be achieved without any further austerity measures. He commented after a meeting with Olli Rehn, the euro commissioner, that he was keen to show that France was serious and responsible and had a credible programme...

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