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


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.

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  • WMARKW
    , contributor
    Comments (10787) | Send Message
     
    Are you kidding me? A miss in France (and the rest of Europe?)?

     

    Massive tax increases actually slow growth.........? Better not let this information leak to the press ! Of course, could you find a single person in France who believes the opposite?
    19 Feb 2013, 05:05 PM Reply Like
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