French Finance Minister Francois Baroin said he’s “confident” European Union leaders can agree on an aid package for Greece this week that won’t trigger a default and will address investors’ concerns on the debt crisis.
French Budget Minister Francois Baroin vowed to meet the government’s deficit-reduction goals, saying next year’s target is “untouchable and not negotiable.”
French Finance Minster Francois Baroin said that the government hasn’t decided whether an increase in its value added tax will be included in its efforts to reduce its budget deficit.
French Finance Minister Francois Baroin said that euro-area governments will take “all necessary measures” to prevent Greece from defaulting.
The Group of 20 nations will act to maintain financial stability and economic growth, French Finance Minister Francois Baroin said.
French citizens who live overseas to avoid paying higher taxes at home will face French taxes, Finance Minister Francois Baroin said.
French Finance Minister Francois Baroin said the European Union crisis shows the need for more integration, including a possible modification of treaties, Les Echos reported, citing an interview.
French Finance Minister Francois Baroin said bonds backed by the entire euro area may eventually be an option, though they aren’t an immediate solution to the region’s sovereign-debt problems.
France will not implement any further cost-saving measures after its debt was downgraded by ratings agency Standard & Poor’s, Finance Minister Francois Baroin told the Frankfurter Allgemeine Zeitung.
"It's a bit of a merry-go-round."
- Francois Baroin on Mar 30, 2012