French Finance Minister Antoine Armand promised his euro area counterparts in Strasbourg on Monday 7 October that France would “fully respect its European commitments” even though the French public deficit will exceed 6.1% of national GDP in 2024.
“Our aim is to reduce the French deficit to 5% of GDP by 2025 and below the 3% threshold by 2029. This is a serious, credible and ambitious trajectory for our country in order to fully respect the European fiscal rules”, declared Mr...