Arab Today, arab today france to miss public deficit target
Last Updated : GMT 05:53:48
Arab Today, arab today
Arab Today, arab today

Showing few signs of catching up recovery

France to miss public deficit target

Arab Today, arab today

Arab Today, arab today France to miss public deficit target

French flag outside the National Assembly in Paris
Paris - Arab Today

French flag outside the National Assembly in Paris France will miss an agreed target to cut its public deficit, the EU said on Tuesday, with Spain's battered economy showing few signs of catching up recovery in the northern eurozone. The latest European Commission economic forecasts said the French government deficit will hit 4.1 percent this year, 3.8 percent next year and still post a 2015 shortfall at 3.7 percent.
With French output struggling to keep in line with the eurozone's core German economy, French President Francois Hollande faces pressure from Brussels to meet the EU's 3.0-percent-of-GDP ceiling.
The risk otherwise is that Paris could face new EU fines or an unprecedented intervention to France's national budget.
The Commission forecasts left Spanish public finances looking perilously wide of the mark as it strives to emerge from a burst property-and-banking bubble, nine quarters in a row of recession and soaring unemployment.
Madrid has been given until 2016 to reach the 3.0-percent mark, after a eurozone bailout for its banks, but Spain's public deficit will still hit 5.9 percent next year and rise again to 6.6 percent in 2015.
The Commission said weak tax revenues will leave the public finances vulnerable in the absence of a major pick-up to put the economy back on track.
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*

Arab Today, arab today france to miss public deficit target Arab Today, arab today france to miss public deficit target

 



Arab Today, arab today

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*

Arab Today, arab today france to miss public deficit target Arab Today, arab today france to miss public deficit target

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
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
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday