BY WILLIAM HOROBIN
PARIS—The International Monetary Fund urged France to prepare contingency measures to reach its deficit targets, warning that its triple-A rating was key to keeping borrowing costs low.
The IMF also warned of external risks to the French economy from the euro-zone crisis and said the country's banks were significantly exposed to peripheral euro countries.
"France cannot risk missing its medium-term fiscal targets given the need to strengthen implementation of the [euro zone's] Stability and Growth Pact and keep borrowing costs low by securing France's AAA-rating," the IMF said on Wednesday in its annual report on France.
...
Most Recommended
“No one should criticize the...;”
“Obama is a shell game, a man wit...;”
“The Founding Fathers would have...;”
“Tolerance of intolerance is...;”
“We have seen these promises befo...;”