French FM considers economic outlook as stable

Note: This section contains information in English only.
Source: XINUANEWS
© Scanpix/AFP

Francois Baroin, France's Finance Minister claimed that poor growth and volatile markets would not contaminate nation's stable economic position. FM emphasized that France still has AAA credit rating despite euro area crisis. At the beginning of the month Sarkozy's government approved austerity measures accumulating €7 bn and downgraded France's growth rate for year 2012 from 2.25% to 1%.

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