French Banks Are Better Capitalized Than Year Ago, Pecresse Says

French banks are better capitalized now than they were a year ago and shouldn’t be a cause for concern, Budget Minister Valerie Pecresse said today.

Pecresse also said that the government will find a way to meet its deficit reduction targets even after lawmakers proposed amendments to the 2012 budget that would reverse a tax increase on tickets for theme parks.

Pecresse spoke to journalists in Jouy-en-Josas, France.

To contact the reporter on this story: Mark Deen in Jouy-en-Josas, France at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net

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