France can’t keep diverging from Germany on debt – public auditor

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Reuters UK

PARIS (Reuters) – France’s public finances can no longer diverge from those of lower debt countries like Germany without threatening the euro zone, France’s independent public audit office warned on Thursday. The independent Cour des Comptes urged President Emmanuel Macron’s government to make a bigger effort to rein in the public finances as it prepared to bring a new round of costly inflation-relief measures before parliament. In an annual report on the outlook for the public finances, the auditor said that government’s forecast for a public sector budget deficit this year of 5% of GDP was v…

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