Law of Excuses: It's Always Something (But Never the Right Thing)!

The out-of-the-blue excuses countries come up with for not making budget deficit targets are rather amusing.

For example and via translation from La Vanguardia, France Blames Deficit on Jihadist Terrorism, Lack of Inflation.

French Prime Minister, Manuel Valls, said today that his country's military missions against jihadist terrorism, along with public investment in education and security make it difficult to meet deficit limits.

"If we reduce our military budget, where are we going?"

The "spiral of debt" which is France, which has not achieved a balanced national budget in four decades, is "unsustainable".

However, the French prime minister stressed his commitment to fiscal stabilization and fiscal consolidation, and explained to a large group of German businessmen reforms to labor, tax and administrative level, which aims to save up to 50,000 million for 2017 .