Free Trial

MNI BRIEF:Eurogroup Chair Sees France, EU Paring `25 Borrowing

(MNI) Brussels

Eurogroup Chair Paschal Donohoe said Thursday he's "very confident" France and all EU member states will reduce public borrowing next year, following news France's deficit would be 5.1% of GDP this year, well above the 3% of GDP EU limit on net borrowing.

"We have confidence in their continued ability to manage their level of borrowing," Donohoe said.

Keep reading...Show less
140 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Eurogroup Chair Paschal Donohoe said Thursday he's "very confident" France and all EU member states will reduce public borrowing next year, following news France's deficit would be 5.1% of GDP this year, well above the 3% of GDP EU limit on net borrowing.

"We have confidence in their continued ability to manage their level of borrowing," Donohoe said.

Keep reading...Show less