Paris admits growth target ‘probably too high’

France admitted on the 18 October 2011 its growth projection for 2012 was 'probably too high' but pledged to take all necessary measures to preserve its triple-A sovereign debt rating, following a warning from Moody’s, the US credit rating agency, of a possible cut in its outlook to negative from stable.

France24, 18.10.11: Moody's warns France on possible negative outlook http://www.france24.com/en/20111018-france-pledges-retain-stable-outlook-moody-warning-triple-a-baroin-economy-financial-outlook

ESO: Background information: France eyes new carbon tax in 2012 budget http://www.europeansources.info/record/france-eyes-new-carbon-tax-in-2012-budget/

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