On Tuesday 4 July, the French Prime Minister, Édouard Philippe, reiterated his government's commitment to bring the national public deficit below 3% of GDP in 2017, but declined to specify the nature of the measures, equivalent to €4 to €5 billion, that will be needed to achieve this (see EUROPE 11820).
“France is on the ropes and it will take more than a dodge to save us”, he told the National Assembly, according to the daily newspaper Le Monde (our translation). Pledging to put an...