EU finance ministers talk tough on fiscal reform

Jun 05, 2003
Agence Frannce-Presse

LUXEMBOURGFrance faced flak from its euro-zone partners June 2 over its half-hearted efforts to trim its budget deficit. Finance ministers from the 11 nations that circulate the euro were expected at an evening meeting in Luxembourg to press Paris to speed up the pace of its deficit reduction.The European Union's executive commission has ruled that France last year breached the EU stability and growth pact's deficit limit, which stands at 3 percent of economic output, and wants the government to ...

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