On Friday 21 June, the French Finance Minister, Bruno Le Maire, explained why the European Commission has just proposed that the Council of the European Union place France, along with six other Member States, under the excessive deficit procedure (see EUROPE B13435A1).
“We did a lot to protect the French economy and French households during the Covid-19 crisis and inflation. The result is that we are the first country in the eurozone to have returned to its pre-crisis level of...