* France has faith in US economy - finmin source
* It trusts US govt's determination to implement plan-source
* Nothing decided yet on early G7, G20 meeting - source
PARIS, Aug 6 France has complete faith
in the solidity of the U.S. economy and in the U.S. government's
determination to implement the Congress's plan, a source close
to France's Finance Minister Francois Baroin said on Saturday.
The source, reacting to the downgrading of the United
States' credit rating by Standard & Poor's, added that nothing
had been decided yet on calling for an early G7 or G20 meeting
to discuss the matter.
"We have complete faith in the solidity of the U.S. economy
and in its fundamentals and in the determination of the U.S.
government to implement the plan approved by Congress," the
The source added that the major challenge for the United
States and the euro zone would be to find a balance between debt
reduction and economic growth.
It added that French authorities planned to monitor markets
"very closely" and were in constant contact with their foreign
(Reporting by Jean-Baptiste Vey, writing by Astrid
Wendlandt, editing by Alistair Lyon)