French economy minister slams austerity policies

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Arnaud Montebourg attacked the 'dogmatic reduction of deficits, which is driving us to austerity and a continued rise in unemployment'.

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Austerity measures being pursued by France and elsewhere in the euro zone are quashing growth, French economy minister Arnaud Montebourg was quoted saying on Saturday, renewing his attacks on policies he sees as negative for the economy, reports Reuters.