Rating agency Moody's sees France in danger of missing its fiscal targets

The rating agency Moody's said France was in danger of missing its fiscal targets this year, the Financial Times reported. French economic growth was flat in the second quarter after expanding by 0.7 per cent quarter-on-quarter in the first three month on the year. The sluggish economic performance creates additional headwinds for budget execution, Moody's said. The cep has said since a long time that France needs to undertake structural reforms to boost its competitiveness.