✉news BusinessBanking first seen 3 d ago, last 2 d ago, peak #2
France can cut deficit to 3% in three years, central bank governor says
Original: France is ‘putting the house in order’ and can slash deficit to 3% in three years, central bank governor tells CNBC
Francois Villeroy de Galhau, governor of the Bank of France, told CNBC that France is 'putting the house in order' and can bring its budget deficit down to 3% of GDP within three years. The comments come as France faces pressure over its public finances and political uncertainty over the budget, and will be scrutinised by investors watching French borrowing costs.
Why now: France's deficit and budget plans are under intense market and political scrutiny right now.
Bank of FranceFrancois Villeroy de GalhauFranceCNBC
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