Pension reform will contribute to reducing the deficit by Bercy

The pension reform presented Wednesday, June 16 by the Labour Minister, Eric Woerth, will help reduce the government deficit in France to 0.5 by 2013, when the government pledged to reduce it to 3 % of gross domestic product (GDP), according to estimates provided by Bercy.

"This reform helps to improve the deficit by about 0.5 percentage points of GDP by 2013, it was argued in the entourage of the Minister of Economy Christine Lagarde. By 2020, the measures announced by the government "would reduce the government deficit by 1.9 percentage point of GDP, they added the same source.

The government deficit (state, corporate and local) of France, formed by the crisis, should beat a new record this year, 8% of GDP.The Government is committed to the European Commission to take on the 2013-3% limit allowed by the European Stability Pact.

Brussels said Tuesday that France would "specify" the budget saving measures planned to take its objective and could be forced to take further.

• A battery of measures announced to reduce the deficit
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• The IMF commended for its thoroughness and Europe blames U.S.
• The underside of a return to balance pensions in 2018
• Brussels, Paris and Luxembourg launched the dismantling of Dexia