(MENAFN) France faced growing pressure to modify its deficit-hit budget for 2015, but Paris remained steadfast that it deserved "respect" and refused calls by Brussels to further rein back spending, Iran Daily reported.
The President flew in the face of strict EU budget last month, announcing deficit this year and next sharply in excess of commitments made to the European Commission.
"Figures we are hearing from Paris are not very hopeful. There are certainly concerns there," said Jeroen Dijsselbloem, the Eurogroup President and Dutch Finance Minister at a meeting with eurozone finance ministers.
France, like all members of the 18-nation single currency zone, has until Wednesday to submit its 2015 national budget to the European Commission in Brussels, but it has already warned of problems.
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