France Fully Trusts US Economy - Finmin Source

Saturday, 06 Aug 2011 06:46 AM

 

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Faithful Prepare to Celebrate Canonization of 2 Beloved Popes

Saturday, 19 Apr 2014 20:35 PM

Rome is "ready, very ready" for the canonization of former Popes John Paul II and John XXIII, the Eternal City's mayor,  . . .

Kristol, Dershowitz Slam Effort to Rig Electoral College

Saturday, 19 Apr 2014 19:37 PM

Conservatives slammed the campaign to effectively end the Electoral College's role in presidential elections, saying tha . . .

Hollywood Finding Hits With Films for the Faithful

Sunday, 20 Apr 2014 19:46 PM

With "Heaven Is for Real" bringing in $21.5 million over the Easter weekend, Hollywood has its fourth faith-based box of . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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