France defends its economic reforms after the reduction Moody's rated bonds

Defended the French government for its economic reforms after the decision by the agency Moody's Global credit rating last night rated government bonds French by one point, from "EEE" to "EE 1", leaving the outlook negative on the French economy.

The Pierre Moscovisa, and Minister of Economy and Finance French in a press statement this morning - Tuesday - that the country took note of the decision of Moody's global.
He said: This decision followed negative expectations of the Agency on the French economy, which issued on Feb. 13 and then also those negative expectations on other European countries on July 23, 2012 .. Referring to these expectations reflect the failure of previous governments in dealing with the public accounts and the competitiveness of the economy of France.

The Moscovisa reviewed the reforms adopted by the Paris government to boost the economy, especially through the control of public accounts, and the National Charter for growth, competitiveness and employment, as well as the ongoing negotiations on the labor market.

The Minister of Economy and Finance French to the French economy is "broad and diverse" and that the government has shown a strong commitment to structural reforms and payment of public finances.
He stressed that the French debt remains among the safest in the European single currency area.
The Moscovisa to the progress made since the European Council which took place on 18 and 19 June 2012 to achieve stability in the euro area and to maintain growth, reduced agency "Moody's" credit rating for France one degree while maintaining expectations negative due to structural challenges faced by the French economy.

The agency said in a statement on Monday that the main reason for the downgrade of France is the risk to economic growth due to the existing structural challenges faced by the country.
The agency also noted an increase in the real exchange rate France over the past years, which adversely affect their competitiveness, especially in comparison with Germany, Britain and the United States, the challenge "difficult" bypassed due to belong to the euro zone.