France Fully Trusts US Economy - Finmin Source

Saturday, 06 Aug 2011 06:46 AM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink

PARIS - France has complete faith in the solidity of the U.S. economy and in the U.S. government's determination to implement the Congress's plan, a source close to France's Finance Minister Francois Baroin said on Saturday.

The source, reacting to the downgrading of the United States' credit rating by Standard & Poor's, added that nothing had been decided yet on calling for an early G7 or G20 meeting to discuss the matter.

"We have complete faith in the solidity of the U.S. economy and in its fundamentals and in the determination of the U.S. government to implement the plan approved by Congress," the source said.

The source added that the major challenge for the United States and the euro zone would be to find a balance between debt reduction and economic growth.

It added that French authorities planned to monitor markets "very closely" and were in constant contact with their foreign counterparts.

 

 

 

 

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obama Executive Order Gives Pay Raise to Federal Workers

Friday, 19 Dec 2014 22:36 PM

Federal workers and uniformed military service members are getting a 1 percent pay boost. . . .

Mental Illness History Ruled on Appeal to Not Bar Gun Ownership

Friday, 19 Dec 2014 22:14 PM

A federal appeals court concluded that a history of mental illness shouldn't bar citizens from owning a weapon in a firs . . .

China Arrests US Aid Worker on North Korean Border

Friday, 19 Dec 2014 21:56 PM

China has arrested an American Christian aid worker based near its border with North Korea, his lawyer said Saturday, as . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved