France's
finance minister Michel Sapin has said the country will not achieve a 3% EU
budget deficit target.
France's
budget deficit will be around 4.4% of GDP in 2014, drop to 4.3% next year, and
will not go below 3% until 2017, he said.
Mr
Sapin also lowered the country's growth projections for this year and next.
However,
France was not requesting a change in European Union rules, he said at a press
conference.
The
country's lack of growth reflected "an economic reality" that affects
