france brushes off eu worries over macrons budget
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

France brushes off EU worries over Macron's budget

Arab Today, arab today

Arab Today, arab today France brushes off EU worries over Macron's budget

French Economy Minister Bruno Le Maire.
Paris - Arab Today

France insisted Thursday that it was on course to wrestle its deficit back within European Union limits, after Brussels expressed concern that Paris might not meet the bloc's tough spending rules.

President Emmanuel Macron is "totally determined" to deliver a deficit below the EU-mandated three percent of gross domestic product this year for the first time in a decade, Economy Minister Bruno Le Maire said.

"The France that makes light of its European commitments, that's over," Le Maire told the Senate.

"The France that doesn't worry about the good upkeep of its public finances, that's over."

Macron sees lowering his deficit as key to earning credibility with other European leaders as he pursues ambitious EU reforms.

France and Spain are the only eurozone countries to remain under the EU's "excessive deficit procedure" -- which can lead to sanctions.

To be given the all clear, they need to register a deficit-to-GDP ratio below three percent for two years.

Brussels said in its assessment Wednesday that there was "a risk" Paris might not hit its targets, though it is currently on track to register a deficit ratio of 2.9 percent this year and next year.

The EU singled out six eurozone countries -- France, Austria, Belgium, Italy, Portugal and Slovenia -- on Wednesday as having worrying finances.

France's debt levels earned particular criticism -- they are set to hit 96.9 percent of GDP next year, far over the bloc's target of 60 percent.

A large majority in the lower house on Tuesday voted through Macron's first annual budget, which attempts to strike a tricky balance between lowering taxes while cutting costs to lower the deficit.

The Senate is now debating his spending plans, which have come under attack from the left due their tax cuts for the rich.

Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france brushes off eu worries over macrons budget france brushes off eu worries over macrons budget

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

france brushes off eu worries over macrons budget france brushes off eu worries over macrons budget

 



GMT 10:10 2017 Thursday ,09 February

3 Important Elements You Have to Consider

GMT 04:03 2017 Monday ,24 April

Bella Hadid ‘dying’ to visit Palestine

GMT 19:25 2016 Wednesday ,25 May

The Brooklyn Desk by Oeuf NYC

GMT 07:49 2018 Friday ,05 January

2 Russian servicemen killed

GMT 07:58 2018 Monday ,01 January

Italy orders N. Korea's envoy to leave

GMT 08:45 2017 Wednesday ,20 December

US military imagines war without GPS

GMT 17:26 2017 Sunday ,17 December

Putin thanks Trump for help in foiling attack plot

GMT 22:19 2017 Monday ,16 October

Cairo-hosted Fatwa conf. new contribution

GMT 02:27 2016 Friday ,10 June

Video hints Japan abetting illegal ivory trade

GMT 07:04 2017 Wednesday ,19 April

1,883 Bahrainis found jobs in March

GMT 14:24 2016 Tuesday ,22 November

Citi and JPMorgan top list of ‘globally banks’

GMT 21:43 2017 Friday ,01 September

People question Nazaruddin`s repatriation expenses

GMT 09:41 2017 Wednesday ,19 April

OIC concerned over violence in Mali

GMT 01:30 2017 Friday ,27 October

May22/Jun21

GMT 05:38 2016 Friday ,30 December

Dubai Airports divert 13 flights due to heavy fog

GMT 11:38 2017 Saturday ,14 January

Mexico names new ambassador to US

GMT 12:03 2017 Wednesday ,22 March

Kuwait to mark World Water Day

GMT 15:00 2017 Wednesday ,27 September

HM King receives invitation from Egyptian President

GMT 02:45 2017 Tuesday ,05 December

President Bashir arrives in Chad

GMT 02:45 2017 Wednesday ,16 August

Turkmen President Visits Pakistan
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday