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


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.