French economy 'solid' despite turbulence -- minister

12th August 2011, Comments 0 comments

French economic fundamentals remain "solid" despite market turbulence and the eurozone debt crisis, Finance Minister Francois Baroin said Friday.

"I am very confident because we have economic fundamentals that are solid," he told RTL radio following the release of official figures showing growth in France was stagnant in the second quarter.

The minister said that the growth figures were disappointing but added that the country was still on course to reach its official target of 2.0% growth for the year.

On the eurozone he said that there was a need to speed up consideration of modifying the governance of the zone, amid calls for stronger economic integration.

He said the topic is expected to come up when President Nicolas Sarkozy and German Chancellor Angela Merkel meet in Paris on Tuesday.

© 2011 AFP

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