Financial Times FT.com

Silence sparks concern over Sarkozy plan

By Ben Hall in Paris

Published: June 26 2009 02:13 | Last updated: June 26 2009 02:13

Nicolas Sarkozy’s retreat from fiscal rectitude has been underlined by sharply higher government forecasts for future public ­deficits.

Eric Woerth, the budget minister, told parliament on Wednesday evening that France’s public deficit would lie at 6 per cent to 6.5 per cent in 2011 and 5-5.5 per cent the following year. He added that these projections were based on an optimistic assumption of 2.5 per cent economic growth in 2011 and 2012.

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