Fillon says no further austerity packages planned before 2012 elections

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French Prime Minister Francois Fillon says no third raft of austerity measures are due unless 2012 first-quarter growth is less than forecast.

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French Prime Minister François Fillon said Tuesday the government won't discuss a third raft of austerity measures to shore up public finances unless hard data show the economy is growing less than forecast in the first quarter of 2012, effectively ruling out more budget cuts before the presidential elections, reports The Wall Street Journal.