EU grants France two-year delay on deficit targets

March 10, 2015 By La rédaction de Mediapart

In a third reprieve obtained by Paris, the European Commission has allowed France until 2017 to bring its public deficit to under 3% of GDP.

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French finance minister Michel Sapin has indicated that a decision by the European Commission - endorsed Tuesday by member states - to give Paris more time to obey EU deficit rules will stave off the rise of extremist political forces, reports EU Observer.

EU grants France two-year delay on deficit targets

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