EU Denies Favoring France With Budget Target Extension

March 10, 2015 3:17 PM

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The European Union's financial watchdog denies favoring France after smaller EU countries complained that Paris was given two extra years to get its finances in order.

EU finance ministers agreed Tuesday to give France until 2017 to rein in its deficit, owing to the weak economic backdrop and Paris's recent fiscal efforts. France already received a two-year extension in 2013.

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