France 'must improve public finances to stay AAA' says minister

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France must improve public finances if it wants to hold on to its triple-A rating, Budget Minister Valerie Pecresse said Tuesday.

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France must keep up efforts to improve its public finances if it wants to hold on to its triple-A rating, Budget Minister Valérie Pécresse said Tuesday, a day after the cost of insuring the country's sovereign debt against default jumped to a record level.