The International Monetary Fund (IMF) has praised France’s reform efforts in a review of the country which appears to be in stark contrast with the European Commission’s comments last week.
In its latest consultation on France, the IMF said it should continue with its economic reforms in the medium term, but added: “Following three years of substantial fiscal adjustment, there is scope to moderate the pace of consolidation going forward, provided the effort is concentrated on the expenditure and backed by continued structural reforms.”
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