Brussels, 18/02/2015 (Agence Europe) - The European Commission is getting ready to give France extra time to bring its public deficit below 3% mark, in exchange for a renewed and extended commitment to budgetary consolidation and reforms.
The question which remains to be settled before Friday 27 February concerns the length of this grace period. According to the Commission's winter economic forecasts, the French deficit stood at 4.3% of GDP in 2014 and is expected to drop slightly, to 4.1%,...