France bows to EU pressure and pledges further budget cuts in 2015

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Finance minister tells Brussels an extra 3.6 billion euros will be cut from public spending next year, placing France 'in line with EU rules'.

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France said that it would cut its budget deficit next year by an additional 3.6 billion euros, a move that it hopes will be enough to avert a bruising fight with Brussels over its public finances, reports The Financial Times.