Rumour – EU to request further cuts from French budget

Some market chatter that the European Commission will ask for a further 4 billion of additional fiscal efforts (0.2% of GDP) of France on Friday.

We all know of France’s budget conundrum, and the EU have been after France for cuts to the budget (i.e. more austerity) for a while now, so it makes sense that this rumour could have some merit … but it isn’t confirmed as yet. So …. rumour at this stage, and I am trying to find more details.