The Les Echos newspaper reports that France’s government will raise its 2014 public deficit forecast to 3.8% of GDP from 3.6%. The 2015 forecast will also be hiked to 3.0% from 2.8%. The Maastricht Treaty limits Eurozone deficits to 3% … Continue reading
Prior revised to -3.7bn What, some good news for France?
At the end of the day, the euro is caught between a rock and a hard place. Below 1.37, investors are buying European assets on expectations of a pickup in growth. But near 1.40, the ECB will threaten (heck, maybe … Continue reading
Manuel Valls has said France will look to cut €30bn from labour costs by 2016 and plans to reduce corporation tax to 28% by 2020. The new French PM, who heads up a reshuffled government, is delivering his plans to the … Continue reading
Says large countries including France should stick to the rules Inflation differentials part of adjustment process Must respect mandate and not cross into fiscal policy Not as easy going on France as Herr Schaeuble is he?
France and Germany determined to advance finance tax Says they are on track to removing Euro area from market woes France has confirmed now that it knows its responsibility (should have known them several years ago no?) Germany needs a … Continue reading
European Economic and Monetary Affairs Commissioner Olli Rehn said on Saturday that There is no reason to further extend a European Union deadline for France to cut its budget deficit. “If I refer to the Stability and Growth Pact (EU budget … Continue reading
So says her spokesman Steffen Seibert Germany trusts that France is aware of its responsibility Trusts that France will stick to its commitments in EU fiscal stability pact Speaking in Berlin via BBG
Pierre Moscovici was replaced as finance minister in a cabinet shuffle by Hollande & Co and he’s now been put forward as a candidate for European Commissioner, says a government source on Reuters. The European Commission is having its own … Continue reading
Finance minister Pierre Moscovici is replaced by Michel Sapin as the French have a shake up after disastrous local elections for the government over the weekend. It’s one of 16 cabinet changes made today.