France will not need to introduce austerity measures in response to increased debt exposure from the eurozone's new rescue plan for Greece, its finance minister said on Saturday.
Francois Baroin said in an interview with French daily Le Monde that the government would be able to maintain its deficit reduction targets and would not be 'impoverished' as a result of the bailout.
Prime minister Francois Fillon said on Friday that the package for Athens agreed by euro zone leaders late on Thursday would increase France's debt by some 15 billion euros by 2014, though it would not otherwise directly impact its public finances.
Soruce : New Age
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