French economy stalls as Francois Hollande is sworn in

ATHENS, Greece — France’s economy, Europe’s second-biggest, will grow by less than previously thought in 2013, President Francois Hollande confirmed Tuesday. While on a six-hour visit to Greece, Hollande said “everyone knows that for 2013, we will not reach our target, which was 0.8 percent.” He said a new growth target will be announced by the end of next month. France is waiting for the European Commission, the European Union’s executive arm, to release its economic forecasts for the 27-country EU on Friday. (MORE: Bold New Rule: Students in the U.K.