“The Government remains firmly committed to continue and strengthen its policy of reforms to sustain the growth potential and employment of the French economy,” Mr Sapin said in a statement.
Earlier, the US agency had cited the impact of “slow growth” countries of the Economic and “institutional constraints” on its public finances, to lower a notch sovereign rating of France.
“A debt burden contained”
Paris is now “evaluated similarly by the three main rating agencies,” observed Mr. Sapin. “The government remains firmly committed to continue and strengthen its policy of reforms to support potential growth and employment in the French economy,” he added.
The deficit should be reduced to 3.3% of GDP in 2016, reiterated the Minister of Finance, saying that “the French debt is one of the safest and most liquid in the world, with a load of debt contained.”
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