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Image header Agence Europe
Europe Daily Bulletin No. 11136
Contents Publication in full By article 15 / 17
ECONOMY - FINANCE / (ae) france

Paris wants slower pace for public deficit reduction

Brussels, 20/08/2014 (Agence Europe) - The French minister for finance and public accounts, Michel Sapin, has called for changes to be made to the European budget policy, “to bring the pace at which public deficits are reduced into line with the current economic situation”.

“As a direct consequence of stagnant growth and insufficient inflation, France will not achieve its target this year in terms of its public finance deficit (…). Less growth, less inflation automatically lead to...