RSS   Newsletter   Contact   Advertise with us

Finance Minister: France resumed growth, but is insufficient

Share on Twitter Share on LinkedIn
Staff writer ▼ | February 18, 2016
France has recovered the path of growth, but it is insufficient to reduce unemployment rate, French Finance Minister Michel Sapin said.
Michel Sapin
France   An interview on BFMTV television
In an interview on BFMTV television, Sapin said that he was sticking to a target of 1.5 percent economic growth this year, noting that it will not be enough for the country to create jobs.

On the other hand, the French official reminded Britain that there are lines that cannot be exceeded for that country to remain within the European Union, referring to the threat of leaving the Union.

He recalled that with 28 countries, there is a single market with no regulation for everyone, including financial, which is very important for London, but they also have a Eurozone which they want to deepen and no one should be able to dictate the countries' behavior.

British Prime Minister David Cameron, who visited Paris on Monday night, held talks with French President Francois Hollande regarding the negotiations under way to avoid Britain from leaving the European Union.

In this regard, Sapin said that France's intention is to offer good arguments for the British vote 'yes' in a referendum on staying within the Union.