French Prime Minister: ‘We Are In A Debt Spiral That Is No Longer Sustainable’

Tuesday, September 23, 2014
By Paul Martin

BusinessInsider.com
Sep. 23, 2014

French Prime Minister Manuel Valls said on Tuesday his country was making progress on economic reforms and that German comments on a lack of growth in France were sometimes a “caricature.”

“I am aware that here in Germany people like saying that France is unwilling to reform and that now France is a sick man,” Valls told a conference in Berlin hosted by the BDI industry association.

“I look at my country with a very clear eye. I know the obstacles and challenges that France is facing. But if Germany managed … why shouldn’t France be able to do the same?” he said.

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