A key pledge of the Hollande government, France will miss its goal of a budget deficit of 3% of...

|By:, SA News Editor

A key pledge of the Hollande government, France will miss its goal of a budget deficit of 3% of GDP this year, the PM tells lawmakers as massive tax increases are offset by slowing growth. Who could have predicted that? Credibility or no, markets continue to lend 2-year money to the country at 0.24%, 10-year at 2.26%. EWQ +2.7% YTD.