LONDON (MN) – French Finance Minister Pierre Moscovici said today
that the government would not embark on a ‘tax frenzy’ to meet what he
called its ‘realistic’ but ‘ambitious’ deficit-cutting goals.
The minister told an audience at the London School of Economics
that the government had already started talks on its 2013 budget and
reiterated that the goal was to reduce the deficit to 3% of GDP newxt
year and to balance the budget by 2017.
“We could not be more serious about the deficit,” Moscovici said.
“We do not want financial markets to be constantly breathing down
our neck,” he added.
–London Bureau; tel: +442078627499; email:
sarah.mewes@ntkn.com/dthomas@marketnews.com
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