Tree growth, “it’s a bad number” – Europe 1

Tree growth, "it's a bad number" – Europe 1

INTERVIEW E1 – Michel Sapin, on Thursday called on Europe 1, acknowledged the failure of the French economy

“It is. a wrong number. I look as such, I commented as such. ” Michel Sapin, on Thursday called on Europe 1, acknowledged the failure of the French economy. The second quarter growth stagnated at 0%, as in the first quarter, INSEE announced Thursday. “There is a French problem is a European problem and even German growth is stopped.” Continued the Minister of Finance

& gt;. & Gt; ALSO – French growth remains zero

“This is not enough” . Michel Sapin confirmed: government targets are revised downwards. France experienced growth this year “of about 0.5%” against a target of 1%, he had already found in an article published by World . “I do not see how we can do better than 0.5%, which is not enough. 1% growth in 2014 was forecast by the IMF, the OECD, the European Commission. We . correct it The reality was not one provided by the observers, “said he commented on Europe 1

& gt;. & gt; ALSO – Growth: Germany is also to stop

“Two things to correct” . The low growth coupled with sluggish inflation will result in a deficit “of more than 4% of gross domestic product in 2014,” also said Michel Sapin, instead of an earlier forecast of 3.8%. “I do not know what we will do next year,” he has instead responded when asked about the possibility of holding our European commitments: to reduce the deficit to 3% in 2015 but the government wants to “watch problems in front, “says the minister. He concluded: “There is, in France especially, two points correct: give corporate margins with the pact of responsibility and reduce our public spending”

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