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MNI BRIEF: Talks On France Budget Promising - EU Gentiloni

EU Economy Commissioner Paolo Gentiloni says his talks with France on its 2025 budget have been "promising"
Policy NewsBriefGlobalStoryRegion

MNI (BRUSSELS) - EU Economy Commissioner Paolo Gentiloni said Monday that he has had "promising" talks with new French Finance Minister Antoine Armand on the newly unveiled French draft budget for 2025. The budget foresees a budget deficit at 5% of GDP next year, falling to below the EU 3% limit only by 2029.

Gentiloni said the Commission had been in technical discussions with the French government on its 2025 budget and on its medium-term fiscal plan since last week. Turning to the economic outlook for the EU, Gentiloni said that despite the souring growth picture the Commission's Spring forecast of Euro Zone growth at 0.8% was likely to be little changed in its autumn forecast due in mid November. (see MNI POLICY: EU Likely To Ease Debt Reduction Rules )

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MNI (BRUSSELS) - EU Economy Commissioner Paolo Gentiloni said Monday that he has had "promising" talks with new French Finance Minister Antoine Armand on the newly unveiled French draft budget for 2025. The budget foresees a budget deficit at 5% of GDP next year, falling to below the EU 3% limit only by 2029.

Gentiloni said the Commission had been in technical discussions with the French government on its 2025 budget and on its medium-term fiscal plan since last week. Turning to the economic outlook for the EU, Gentiloni said that despite the souring growth picture the Commission's Spring forecast of Euro Zone growth at 0.8% was likely to be little changed in its autumn forecast due in mid November. (see MNI POLICY: EU Likely To Ease Debt Reduction Rules )

Keep reading...Show less