French bank chief hits at government

FRANCE - Jean-Claude Trichet, governor of the Bank of France, on Friday added his weight to criticism of the centre-right government of Jean-Pierre Raffarin for not being more ambitious in its efforts to cut its budget deficit in line with European Union rules.

Mr Trichet, a European Central Bank board member and the leading candidate to replace Wim Duisenberg as ECB president, said he hoped the Raffarin government would cut its structural deficit by 0.5 per cent next year and balance the budget

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