Guy Abeille

Guy Abeille is a French economist. He is credited with developing the "3% rule" as applied to government deficit ceiling in France, which was later expanded to the Eurozone.

Early life Guy Abeille graduated from Ecole Nationale de la Statistique in Paris.

Career Abeille first worked for the Ministry of Economy and Finance under conservative President Valéry Giscard d'Estaing.

In the late 1970s and early 1980s, Abeille was part of the National Budget Office of the Ministry of Finance where he was responsible for budget forecasting. Abeille and Villepin are thus credited with creating the "3% rule" whereby the French deficit must not exceed 3% of the country's Gross Domestic Product.