France under pressure over deficit

25th February 2013, Comments 0 comments

The European Commission is planning to increase surveillance of France's budget and financial situation after high deficit forecasts.

 Deficits: France under pressure
Le Monde

On February 22, the European Commission will publish its economic forecasts for the EU's 27 member states. France, whose public spending deficit is expected to reach 3.6 per cent of GDP in 2013, and whose growth is forecast to be just 0.1 per cent is in a delicate position.

As it stands, the Commission is not planning to impose sanctions on Paris, however, it does intend to beef up surveillance of France's budget and financial situation.

The French government will have to commit to cutting public spending and the introduction of structural reforms by next year.



Read this article in French.

Reprinted with permission of Presseurop.

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