Le Maire's Italy Visit Reminds That France Too has Budget Issues
- French finance minister assures deficit won’t go beyond 3%
- Le Maire says Italian political leaders understand commitments
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French Finance Minister Bruno Le Maire came to Italy to say how he’s been reassured that Italy’s budget deficit won’t breach European Union limits, and ended up having to issue assurances that his own country’s budget deficit won’t exceed those same rules.
“In 2017, France went below a 3 percent deficit for the first time in 10 years and we exited the procedure for excessive deficits,” Le Maire said Saturday at the Ambrosetti Forum in Cernobbio when asked about France’s deficit. “The efforts we asked the French to make were not intended to be nullified in two or three years.”