- versus +1% prev forecast
- doesn’t see 2015 growth much above +1% vs +1.7% prev forecast
- says France won’t meet deficit target this year
- will not comment 0n 2015 public deficit
- will stick to EUR 50bln public spending cuts for 2015-17 inc 21 bln in 2015
- ECB must use all available means to fight deflation and bring euro to more competitive level
- Eurozone needs monetary policy adapted to “exceptional situation of low growth and low inflation in all of the region”
No surprises here from the fin min as French rate of recovery continues to give cause for concern and adds weight to calls for ECB to ease further
EURUSD still 1.3360
