Submitted by christian on Tue, 10/07/2014 - 08:57
France has until October 15 to submit its budget and then the Commission has a further two weeks to make up its mind. France estimates that its next year's budget deficit the shortfall between revenue and spending will be at 4.3 percent of annual economic output, well over the 3.0-percent ceiling set by the EU for Member States. France will only meet the EU target in 2017, the second year in a row the French Government has put back the date by two years.
Possible Scenario
