Sarkozy warns of more budget cuts, laments Greek entry into eurozone

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In a TV interview Thursday evening, President Sarkozy warned of further budget cuts ahead, and said Greek entry into eurozone was an "error".

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President Nicolas Sarkozy told French households on Thursday they will have to weather a further 6-8 billion euros in budget cuts to compensate for faltering economic growth that the government now sees at 1 percent next year, reports Reuters news agency.