The European Commissioner for Economic and Financial Affairs, Pierre Moscovici, believes that France will limit its budgetary deficit to 3% of GDP in 2017.
Moscovici said that he had faith that France could meet its budgetary commitments taken at European level, such as bringing its government deficit below the 3% of GDP mark this year, with a view to coming out of excessive deficit procedure next year (see EUROPE 11793). The additional budgetary efforts made mean that there is no...