On Tuesday 17 October, the Commissioner for Economic and Financial Affairs, Pierre Moscovici, said that the aim of bringing France out of the excessive deficit procedure in 2018 was “entirely achievable”.
He also told France Info that the Commission would propose the end of this procedure in spring 2018, if it felt that the French structural government deficit next year was “considerably below 3%” of GDP as, in order to do this, a threshold below 3% of GDP is required for two years...