PARIS (dpa-AFX) - The French economy is in a better position than the U.K.'s, French Finance Minister Francois Baroin told French radio station Europe 1 on Friday. The minister also qualified the economic situation in the U.K. as 'worrying.'
He said one prefers to be French than British on the economy front at the moment.
His comments come a day after the Bank of France Governor Christian Noyer said the rating agencies should downgrade the ratings of the U.K. first, which has bigger deficits, more debt, higher inflation and less growth than France.
The statistical office Insee said yesterday that it expects the French economy to slip into a mild recession in the fourth quarter of 2011 and the first quarter of next year...
/... http://www.finanznachrichten.de/nachrichten-2011-12/22232704-french-finmin-says-economic-situation-in-u-k-very-worrying-report-020.htm
... "It's true that the economic situation in Great Britain is very worrying and that we prefer being French rather than British on the economic front at the moment," Baroin said on Europe 1 radio.
"We don't want to be given any lessons and we don't give any," he said.
His comments came as the British press on Friday slammed French officials for suggesting that ratings agencies were targeting the wrong country for a debt downgrade by looking at France...
... British officials would not be drawn into responding directly to the French criticism, but the British press reacted furiously...
/... http://au.news.yahoo.com/thewest/a/-/world/12380273/france-fuels-row-with-fresh-attacks-on-uk-economy/
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