Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

On the frontline of horror: editing images from warzones

Read more

AFRICA NEWS

Ebola: UN sets target of 60 days to turn things around

Read more

DEBATE

Europe's Desperate Seas: Migrant Deaths Crossing Mediterranean Top 3,000 in 2014

Read more

ENCORE!

'All is Well' for Lisa Simone

Read more

BUSINESS DAILY

EU questions Apple's tax deals in Ireland

Read more

FOCUS

The Iraqi TV show where victims confront terrorists

Read more

REPORTERS

Video: Syrian student risks her life to film IS group stronghold

Read more

LIFESTYLES

Forgotten and fictional sports

Read more

DEBATE

Modi in America: India's Prime minister on triumphant US tour

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)