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EU to Slam France Over Size of Budget Deficit
Posted
June 19, 2024
Views
6,038
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66
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14
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1.32%
June 19, 2024
6,038
66
14
1.32%
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3:23Now PlayingThe European Union is set to admonish France for breaking the bloc’s deficit and debt rules which include include strict measures for nations with debt higher than 60% of gross domestic product and a budget deficit of more than 3%. France’s deficit was 5.5% last year, with debt at about 111% of GDP. The EU move comes as political risks mount ahead of legislative elections. Eleonora Mavroeidi of Bloomberg Economics explains.
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