FRANCE - EUROPE

France deficit will be eurozone's biggest in 2016, EU

European Commissioners Jyrki Katainen and Pierre Moscovici, Brussels, 4 November 2014.
European Commissioners Jyrki Katainen and Pierre Moscovici, Brussels, 4 November 2014. Reuters/Yves Herman
2 min

France's deficit is to become the eurozone's biggest in 2016 if current policy remains unchanged the European Commission said on Tuesday.

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France will not achieve its economic goals next year according to the European Commission.

The EU on Tuesday cut its growth forecasts for the eurozone warning that France and Italy remain worries for the European economy. 

According to the latest European Commission forecasts, the eurozone growth will only be 0.8 per cent this year instead of the 1.2 expected. 

The EU predicts that France willrecord a 4.5 per cent public deficit in 2015, reaching 4.7 in 2016.

Such figures make the scenario of a return to a 3 per cent public deficit by 2017 highly unlikely.

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