Keyword: Michel Sapin

Greece is not leaving the euro zone says French minister

Finance minister Michel Sapin insisted there would be no 'Grexit' despite collapse of latest talks and a referendum in Greece.

France’s economic recovery 'will remain modest'

Two forecasts suggest that despite some economic progress both French consumers and businesses will 'wait and see' before spending or investing.

France says Greek reforms are improved - but can go further

After Greek government submits new reform plan to international creditors, French finance minister says the list is 'better than last time'.

French deficit figures mean economy is improving, says minister

After better-than-expected deficit data for 2014, France's finance minister Michel Sapin said there were reasons to be confident about growth.

France given more time to meet EU budget deficit target

EU officials are to grant an extra two years to French government, who now have until 2017 to bring deficit down to under 3% of GDP.

France offers support for Greece amid bailout tensions

After Paris talks with Greek counterpart, French finance minister offered support for new timeframe or terms but not cancelling the debt.

Greek finance minister to meet French counterpart this weekend

Yanis Varoufakis will have a meeting with Michel Sapin in Paris on Sunday ahead of plans by Greece to renegotiate its debt burden.

France rules out debt write-off for Greece

But French officials say that new Athens government could be offered more time to pay off its debts if its reforms stay on track.

Unemployment in France hit new record in December

Official figures show that at the end of 2014 some 3.496 million people were claiming jobless benefits in France.

Agency downgrades France's credit rating

Fitch cuts France's credit grade by one notch to 'AA' saying efforts to trim its fiscal deficit were harmed by 'weak outlook' for its economy.

France seeks to keep EU 'Robin Hood tax'

Finance minister says Paris still pushing for tax on financial transactions despite fact that deadline for an agreement has passed.

Watch your words or feed populism, French minister warns Germany

Michel Sapin says countries need to respect each others’ history and national identity - otherwise extreme parties will gain more support.

France lowers deficit forecast, vows no new taxes

Finance minister Michel Sapin has revised France's expected 2015 deficit down to 4.1 percent from the 4.3 percent previously forecast.

Britons face tax hike on second homes in parts of France

Finance minister confirms France will add extra 20 per cent to 'taxe d'habitation' on second homes in sought-after areas of France.

Exclusive: Brussels summons France to explain why it will ignore budgetary targets


In a letter addressed earlier this week to French finance minister Michel Sapin and to which Mediapart has gained access, the European Commission’s vice-president Jyrki Katainen, responsible for economic and monetary affairs, demands to know “why France plans to deviate from the budgetary targets” set by the European Council and “how France could ensure full compliance with its budgetary policy obligations”.  President François Hollande has refused to make public the letter, which he described as “of no great significance”, and which Mediapart exclusively publishes in full in this report by our Brussels correspondent Ludovic Lamant.