Search for

No matches. Check your spelling and try again, or tryaltering your search terms for better results.

situation report

Jan 29, 2013 | 14:14 GMT

France: Finance Minister Says Country Is Still Solvent

Comments made by French Labor Minister Michel Sapin calling France "totally bankrupt" were referring to former Prime Minister Francois Fillon's 2007 statement that the state's financial situation was worrying, Finance Minister Pierre Moscovici said on France Info radio Jan. 28, Bloomberg reported Jan. 29. The situation is worse now since France has accumulated 600 billion euros ($807 billion) more in debt, but France can borrow at a low rate and the country is solvent, Moscovici said. In 2013, the two largest economies of the eurozone (Germany and France) will face low growth or even stagnation.

Stratfor
YOU'RE READING
France: Finance Minister Says Country Is Still Solvent
CONNECTED CONTENT
1 Topics |  1 Geo 
SHARE & SAVE

Copyright © Stratfor Enterprises, LLC. All rights reserved.

Stratfor Worldview

OUR COMMITMENT

To empower members to confidently understand and navigate a continuously changing and complex global environment.

GET THE MOBILE APPApp Store
Google Play