As the crisis continues in Greece, Italy, Spain and Cyprus; France's Economic growth failed to meet expectations:
(Reuters) - France is to trim its growth forecast for 2014 from 1.2 percent to 0.9 percent and hike its budget deficit projections for this year and next, reflecting a slower-than-hoped recovery, Les Echos newspaper reported on Wednesday.
The government now targets a public deficit of 4.1 percent of output this year, up from an earlier forecast of 3.7 percent, and 3.6 percent next year, up from an initially projected 2.9 percent, the business daily said on its website of official 2014 budget projections due to be unveiled later.