France, EU
France could reduce deficit to EU limit in five years, says Bank of France chief
It is not realistic for France to lower its deficit to 3% of GDP within three years but it could be possible within five years with the right course of action, Bank of France head Francois Villeroy de Galhau on Wednesday.
France’s debt struggles spark concerns in EU and markets
France's ongoing financial troubles are causing unease among its European Union partners and financial markets, as concerns mount that the vulnerability of its minority government could hinder efforts to stabilize public finances.
France Faces 5-Year Plan to Tackle Budget Deficit, Says Bank of France Chief
Bank of France head Francois Villeroy de Galhau suggests it is unrealistic for France to reduce its deficit below 3% of GDP within three years. However, he believes it is achievable within five years.
France's debt woes unnerve EU partners and markets
Concerns are growing among France's European Union partners and on financial markets that the fragility of its minority government could weaken efforts to shore up its public finances and so risk undermining the EU's new fiscal rules.
France Could Get Deficit to EU Limit in Five Years, Says Bank of France Head
PARIS (Reuters) - It is not realistic for France to lower its deficit to 3% of GDP within three years but it could be possible within five years with the right course of action, Bank of France head Francois Villeroy de Galhau on Wednesday.
France's Fiscal Fragility: A European Concern
Concerns are rising about France's minority government's ability to manage its public finances amidst opposition from far-right and far-left parties. With a rising budget deficit and public debt, the European Union and financial markets fear that France's situation could undermine new EU fiscal rules.
France to submit debt cutting plan to EU by end of October
France will submit its plan to reduce public debt to the European Commission by the end of October, moving forward the submission date that was previously expected after the end of next month, EU officials said on Monday.
Bank of France Chief Says Bond Markets Are Warning on Debt
Bank of France Governor Francois Villeroy de Galhau said it’s urgent for the country to deal with its deficit and debt challenges as bond markets are increasingly sending warnings about the risks.
France facing 'one of worst deficits' in its history
France Prepares to Raise Taxes on Businesses and the Rich
France’s new prime minister, Michel Barnier, has opened the door to reversing some of President Emmanuel Macron’s tax cuts in ...
France announces new center-right government 2 months after divisive elections
The 39-member Cabinet includes primarily ministers from French President Emmanuel Macron's centrist alliance and the ...
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France's new government meets for the first time to discuss budget and migrant issues
PARIS (AP) — France’s new government dominated by conservatives and centrists gathered for the first time Monday as Prime ...
France's new government meets first time to discuss budget and migrant issues
France’s new government dominated by conservatives and centrists gathered for the first time Monday as Prime Minister Michel ...