Abandoning the goal of reducing the public deficit to 3% of GDP at end 2015 is “inevitable,” said the first secretary of the Socialist Party, Jean-Christophe Cambadelis, in an interview published Wednesday in the daily Les Echos website .
In response to the slowdown in growth affecting France, the GDP figures for the second quarter are expected to confirm Thursday morning, economists no longer believe in the country’s ability to return annually to the European limit . neighbor, as he pledged to do before his partners
Asked whether to abandon the goal of 3% in 2015, Jean-Christophe Cambadélis replied: “It is inevitable . “
” These thresholds have been set before the crisis. And today, there is a new situation. possible We are in deflation. This must be taken into account. should be given the time to reduce the public deficit to reach this target of 3%, “he adds.
In response to the president of the Bundesbank, Jens Weidmann, who presses France to meet its commitments deficit and take action to create favorable conditions for growth, Jean-Christophe Cambadélis believes that “we should not ask permission” to open an economic debate in France and Europe.
“This would not be the level of France, “he added. “You have to provoke debate. Because we said Germany? She does not see, at this stage, new or major element leading to a change in economic policy in Europe. Yet there is a change major: the deflation “
As for German demands for reform in France,” it is a debate of the deaf, “said the leader of the PS.. “France made reforms. They have a huge electoral price.”
“Many countries are making efforts. But the spiral of austerity, which led to the recession, produced new effects those of deflation, “he adds.
INSEE announced Wednesday that consumer prices were down 0.3% in July in France, their progress over the year s ‘registering 0.5% as in June, the lowest level since November 2009.
(Jean-Baptiste Vey, edited by Yves Clarisse)
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