The rating of France downgraded by Fitch, Valls assumes his choices – Challenges.fr

The government “assumes its choices” budget to support the growth and must not “change course,” said Monday, December 15 Prime Minister Manuel Valls about . the further deterioration in France by the rating agency Fitch

“On the financial issue, we take our choices: reduce deficits and public spending, but at the rate necessary and bearable,” he pleaded the head of government on the sidelines of a trip to Dijon.

The Prime Minister was asked at a press conference improvised Regional Council of Burgundy, about the new downgrade of the France by Fitch, the first since 2017 Paris has pushed his return to 3% public deficit.

Manual Valls has again defended a “adaptation “rhythm to which France reduced its deficits, highlighting” the level of growth and inflation “in France and in the euro area and” the efforts already made by the French. “

These “are ready to make efforts, but on condition that these efforts are appropriate, provided that there is a sense in all this. And the meaning is the country’s recovery and the fight against inequality, “defended the Prime Minister.

State-Region Plan

” It is this policy lower deficits, but at the rate necessary that we want to continue, and there is no particular reason to worry, “he added, while Brussels must take a final decision in March on the compliance of the French budget with EU rules.

Prime Minister makes a move on Monday in Burgundy, where he has signed a contract plan-state region 600 million (2015-2020) totaling 12.5 billion accumulated all regions. The total amount had been revised upwards by Matignon after protests from local officials.

“sole objective” Manual Valls , has he said, “is to do everything so that there is the necessary growth. Because without growth, no new revenues, no lower deficits, at least at the level we might wish. This is to support the growth and activity which remains our priority, “

‘I’m convinced that we have the results, that’s why it does not have to change course and not be moved on specific rating, “he concluded.

(With AFP)