Free Trial

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"

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
161 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.

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