There
was more bad news for France on the economic front on Tuesday when new
figures from the EU suggested they were not going to meet a promise to
cut its public deficit. But there were some reasons for Paris finance
chiefs to smile.
France is set to breach promises to cut its public deficit, according to new figures from the European Union suggesting the country's deficit will remain above the 3.0-percent ceiling in 2014 and 2015.
The EU's winter economic outlook, released on Tuesday, suggested France's deficit will climb to 4.0 percent of output this year and remain at 3.9 percent in 2015.
Following the release of public deficit figures last year, the French government had promised to keep its deficit beneath the EU's 3.0-percent ceiling, predicting public spending cuts would keep the deficit beneath 2.8 percent for 2015.
Source and full story: The Local (France), 25 February 2014
France is set to breach promises to cut its public deficit, according to new figures from the European Union suggesting the country's deficit will remain above the 3.0-percent ceiling in 2014 and 2015.
The EU's winter economic outlook, released on Tuesday, suggested France's deficit will climb to 4.0 percent of output this year and remain at 3.9 percent in 2015.
Following the release of public deficit figures last year, the French government had promised to keep its deficit beneath the EU's 3.0-percent ceiling, predicting public spending cuts would keep the deficit beneath 2.8 percent for 2015.
Source and full story: The Local (France), 25 February 2014
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