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France plans 60 bln euro budget squeeze for next year

By Economic Times - 2 months ago
Prime Minister Michel Barnier told lawmakers on Tuesday he would reduce the budget deficit - which is set to reach 6.1% of GDP this year - to 5% by the end of 2025 but would have to push back the target date for reaching the euro zone's common 3% deficit goal to 2029 from 2027.

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