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International Business Times
International Business Times
World
Jurgen HECKER

France's New PM Warns Of 'Very Serious' Financial Situation

Michel Barnier Emmanuel Macron France European Union Finance Deficit
Public finances are Michel Barnier's prime concern (Credit: AFP)

France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances.

France was placed on a formal procedure for violating European Union budgetary rules before Barnier was picked as head of government this month by President Emmanuel Macron.

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