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Sunday, May 12
Some tough love for France from Eurogroup President Jeroen Dijsselbloem: "They've now been given...
Some tough love for France from Eurogroup President Jeroen Dijsselbloem: "They've now been given two more years to reach their deficit goals [so they have] to push forward their reforms." The country, which missed its 2012 deficit target (4.5%) by 0.3%, is under pressure to institute structural reforms sufficient to bring its budget deficit in line with the EU-mandated 3% by 2015, even as President Francois Hollande's popularity has fallen to an all-time low. "I'm sure the French government is committed to those reforms," Dijsselbloem noted after Saturday's informal G7 gathering.