BRUSSELS (Reuters) – The European Commission warned France’s new Socialist government on Wednesday it was on track to miss next year’s deficit goal, prompting Paris to insist its drive for a growth agenda in Europe would not stop it from honoring budget targets at home. French President Francois Hollande wants to ease the pace of German-led austerity in Europe which some economists blame for suffocating national economies, but France’s ability to meet its goals is crucial to the euro zone’s credibility with investors. …
France risks missing 2013 deficit goal, EU Commission says
Posted by getsomenews.com on May 30, 2012