Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Nigerian elections: early results show close race

Read more

MEDIAWATCH

"Slap in the face" for Socialists in French local elections

Read more

EYE ON AFRICA

Nigeria: Millions prepare to go to the polls on Saturday

Read more

DEBATE

Nigeria: And the winner is... Tense wait for election results (part 2)

Read more

DEBATE

Nigeria: And the winner is... Tense wait for election results (part 1)

Read more

Access Asia

2015-03-30 17:45 ACCESS ASIA

Read more

ENCORE!

Jeanne Added on her classical pop-crossover

Read more

BEYOND BUSINESS

Race of ideas: is the US pulling away from France?

Read more

REVISITED

Video: A wind of freedom blowing in Kuwait

Read more

Europe

France remains ‘determined’ to reach EU deficit target

© AFP

Text by FRANCE 24

Latest update : 2014-05-05

France on Monday said it remains determined to reach its budget deficit target for next year, despite a new EU forecast suggesting Paris won’t be able to deliver on its promises.

"The government reaffirms its determination to put in place the Responsibility and Solidarity Pact and to make the 50 billion euros in necessary savings to bring the deficit to three percent of GDP (ouput) next year," Finance Minister Michel Sapin said in a statement.

In economic forecasts released on Monday, the European Commission said it expected France to overshoot its target with a deficit of 3.4 percent in 2015.

Sapin said the EU had "only partially taken into account" the amount of French savings in its prediction.

(FRANCE 24 with AFP)

Date created : 2014-05-05

  • FRANCE

    France to miss 2013 deficit target, lowers 2014 growth

    Read more

  • EUROPEAN UNION

    Sarkozy, Merkel urge EU to deny funds if deficits persist

    Read more

COMMENT(S)