The new finance minister stressed that France led strip lights would pull its aspiration, but the f

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French pace of deficit reduction talks with the European Union, said Thursday the new Minister of Finance Michel Sapin, referring to this statement indirect message to Germany
In his first public appearance since he officially was named to the post of finance minister of France, the second volume in the economy by 18-nation euro zone, Michel Sapin said he would work with the European Commission to "find a path that is of common interest." Brussels otherwise already twice the continued period in which France must reduce the excessive deficit set for the European Union. Paris promised to cut from last year's 4.3 percent to 3 percent in the next year 2015, according to the obligation of the European led strip lights Pact for Stability and Growth.
"Can a country to talk to others about what to do (...) Europe will be better when France will 'be better," said, as said AFP, Sapin with feisty tone, clearly referring to Germany.
Sapin the ministerial duty to replace Pierre Moscovici, in the framework of reconstruction of the cabinet of the Socialist government of French President Francois Hollande, after a poor showing from the local municipal elections last Sunday. Government has problems with pruning budget deficit amid stagnant economic growth and rising unemployment, the Socialists who spearhead makes unpopular with voters, and President led strip lights Hollande with the lowest rating in history.
The new finance minister stressed that France led strip lights would pull its aspiration, but the first public speech did not provide any terms, notes another agency. "We will achieve the objectives are achieved," repeated several times.
The budget deficit of France in 2013 4.3 percent of gross domestic product (GDP), according to official data released earlier this week. The EU had agreed otherwise, he is 4.1 percent. Paris must also reduce consumption by 30 billion euros due to the financial burden on employers. The additional 20 to 25 billion euros must save to fulfill zacrtanoto led strip lights reducing the budget deficit in line with EU regulations. Thus, the necessary French savings climb the total around 50 billion euros.
Recently held an informal meeting of finance ministers of the euro area in Athens, European officials she signaled that France should not expect leniency in terms of goals, after French President Francois Hollande said that EU bodies when analyzing the deficit must consider undertaken structural reforms.
The head of the finance ministers of the member states led strip lights of the eurozone (Eurogroup). Dutch Minister Jeroen Dijselblom reminded, however, the obligations undertaken by France. "We fully agree with the President of France that in Europe's interest to have a strong France. France, however, have to meet its obligations arising from the Stability Pact and growth, "said Dijselblom in Athens.
"It led strip lights is important for France to take decisive measures to ensure the sustainability of public finances and solve bottlenecks grail for competitiveness and growth. Trabi be reminded that the deadline for reducing the French deficit is already twice prolonged, "said European Commissioner for Economic Affairs led strip lights Olli Rehn at the same meeting
March 27, 2015
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