France Must Meet 3% Budget Deficit Target for 2015, Sapin Says
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French Finance Minister Michel Sapin said his country needs to stick to a budget deficit target next year of 3 percent of gross domestic product to follow European Union rules.
The goal to reduce the shortfall from 4.3 percent in 2013 “is a target that we must maintain,” Sapin said today to reporters in Washington, where he is attending the spring meetings of the International Monetary Fund and the World Bank. “This is in the feasible range.”