French finance minister

French finance minister Michel Sapin said he was 'not ruling out' a lower public deficit than the 3.3% of gross domestic product target he has confirmed will be reached at the least.

Pierre Moscovi says there is "no change" in the country's growth forecast, after he gave an interview suggesting the figure had been revised downward.

François Baroin has been named new French finance minister, the budget minister replacing Christine Lagarde after her appointment as IMF chief.

Rivalling ministers line-up for post of finance minister Wednesday after appointment of Christine Lagarde as International Monetary Fund chief.