One of them is to meet the commitments under the Excessive Deficit Procedure. According to the last projection by  2  BIS central bankers’ speeches  the European Commission, France will not meet the deadline to reduce the deficit 2013 to below the reference value of 3% of GDP.
This has now posed the question of whether the deadline should be postponed or not. It is certainly true that it is more difficult to meet deficit targets in the context of weak economic growth. However, in the current situation we need to recognise that we are faced with a crisis of confidence.