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This is just fantastic:
The head of the IMF in France Edward Gardner has urged France to consider its 2013 budget targets in a broader European context.

"The credibility of the medium term orientation policy" is more important than a specific deficit target, Gardner said.

...

European Economic Affairs Commissioner Ollie Rehn believes France needed more reforms rather than increased austerity.

"Once you have a credible medium-term budget strategy, backed up by reforms, you can have a slower adjustment," he told French daily Le Monde.

But, as we reported here the other day...
"In the past 30 years, France has not been able to pass a balanced budget. State debt rose to an unacceptable 1.7 trillion euros (ê2.2 trillion) in 2011. It is our duty to reverse this," French Finance Minister Pierre Moscovici wrote in the German business daily Handelsblatt.


I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
by Migeru (migeru at eurotrib dot com) on Mon Dec 31st, 2012 at 04:40:19 AM EST
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