The French government will adopt new austerity measures after the S & P warned Monday night that could relegate France by two notches from AAA, said French Minister of Finance, that the analysis the agency did not take into account the agreement Franco-German on amending the EU Treaty.
In an intervention television minutes after Standard & Poor's said it may downgrade the mass 15 euro area countries, the French Minister of Finance, Francois Baroin, indicated that the decision of the agency illustrates a problem of trust in Europe, and is not intended France's situation in particular.



"The problem is one of confidence in the euro area. We need more integration at the budget level. We do not need a third austerity plan. We do not need further action. We need to impose coordination at European level," he French official said.



High budget deficit and fears of French banks' exposure on states to "peripheral" euro zone debt crisis of the state near France, despite the measures taken by the government to strengthen public finances.



France this summer a permanent target of rumors on the rating downgrade. French qualifier with a descent stage would induce additional costs the state $ 3 billion per year in debt service.