Monday, November 7, 2016

Public deficit. The France under 3% in 2017, according to Moscovici – West-France

The public deficit of France is expected to be below the threshold of 3% of GDP in 2017, but the important thing is that it stays there permanently, said on Monday the european commissioner for economic and monetary Affairs, Pierre Moscovici, on France Info.

” I’m not saying that everything is perfect in the budget, I say that France, who, for years, reduced gently its deficit should be below 3% in 2017, “, said the former French Finance minister.

” I would add that it should stay because, there, there is a problem of credibility in the commitments “, he added.

” If we want to one day be able to relaunch Europe with our German friends, the political credibility on budget matters in the long term is crucial. “


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