LA FRANCIA DEVE RISANARE!!!
ECCO COSA DICE BAROIN (MINISTRO DEL BUDGET PUBBLICO)
The objective of maintaining the AAA rating is an objective that is a stretch and which, in part, conditions the savings policies that we want to have," he told Canal Plus Sunday. "We have to maintain our AAA, reduce our indebtedness to avoid being too dependent on the markets...," he added.
The crucial "AAA" rating is the top ranking attributed by the international financial ratings agencies who evaluate the financial health of states, which allows them to borrow at more favorable rates. Sarkozy''s government has forecast it will run to 8.2% of gross domestic product this year, 6% in 2011 and 4.6% in 2012.
If this trend continues, the French public deficit won''t return to the euro-zone Stability Pact''s theoretical maximum limit of 3% in 2013, and that is conditional on achieving growth of 2.5% from 2011. While many of France''s neighbors have announced harsh spending cuts, French President Nicolas Sarkozy has been cautious, refusing to speak of an austerity program. But the government is planning to tighten health spending, reform pension rules and raise the minimum age for retirement in a bid to control mounting debt.
The objective of maintaining the AAA rating is an objective that is a stretch and which, in part, conditions the savings policies that we want to have," he told Canal Plus Sunday. "We have to maintain our AAA, reduce our indebtedness to avoid being too dependent on the markets...," he added.
The crucial "AAA" rating is the top ranking attributed by the international financial ratings agencies who evaluate the financial health of states, which allows them to borrow at more favorable rates. Sarkozy''s government has forecast it will run to 8.2% of gross domestic product this year, 6% in 2011 and 4.6% in 2012.
If this trend continues, the French public deficit won''t return to the euro-zone Stability Pact''s theoretical maximum limit of 3% in 2013, and that is conditional on achieving growth of 2.5% from 2011. While many of France''s neighbors have announced harsh spending cuts, French President Nicolas Sarkozy has been cautious, refusing to speak of an austerity program. But the government is planning to tighten health spending, reform pension rules and raise the minimum age for retirement in a bid to control mounting debt.
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