Update: 25/06/2012
- economy - eurozone - France - François HOLLANDE
France facing EUR7-10bn budget shortfall
French Finance Minister Pierre Moscovici said Monday that the nation needs to find 10 billion euros in its budget in order to reduce the public debt-to-GDP rate of 4.5%. Under EU rules, eurozone countries are supposed to keep the rate below 3%.
News Wires (text)
link-
http://www.france24.com/en/20120625-france-finance-moscovici-gdp-public-deficit-4.5-percent-economy-eurozone