- French Prime Minister Manuel Valls: the government will likely miss the EU budget deficit target
Market news
18 November 2015
French Prime Minister Manuel Valls: the government will likely miss the EU budget deficit target
French Prime Minister Manuel Valls said on Tuesday that the government will likely miss the EU budget deficit target of 3% of gross domestic product (GDP) due to higher security spending.
"France's [deficit] commitments will be inevitably overshot. Europe must understand," he said.
Earlier, France promised to reduce its budget deficit to 3.3% of GDP in 2016 from 3.8% of GDP in 2015, and to 2.7% in 2017.
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