French Finance Minister Bruno Le Maire on Friday insisted France would slash the public deficit to below three percent of GDP by 2027, after the EU reprimanded Paris for breaking budget rules.
“We have to come back to sound public finances and count on my total determination,” Le Maire told reporters in Luxembourg.
“We will stick to the same path with the view to get the three percent, to be under the three percent by 2027.”
France was among seven countries, including Malta, where the European Commission is proposing to launch “a deficit-based excessive deficit procedure”. The other…
