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Europe Daily Bulletin No. 11520

30 March 2016
Contents Publication in full By article 13 / 19
ECONOMY - FINANCE / (ae) france
At 3.5% of GDP, public deficit better than forecast

Brussels, 29/03/2016 (Agence Europe) - The public deficit stood at 3.5% of GDP in 2015, thanks to a reduction in local expenditure and the accommodative monetary policy of the ECB, according to data published by the French statistical institute (INSEE) on Friday 25 March.

“This is the first time for a long time that France has not simply achieved the targets set for it, but has improved on them”, stressed French Finance Minister Michel Sapin. By bringing the deficit down from 4.0% of...