EU Offers Some Budget Relief to Struggling Nations

January 14, 2015 1:41 PM

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The European Union is giving member states struggling with debt more leeway in their spending plans despite strict EU rules on deficits and debt.

EU officials raised the possibility Wednesday for nations like Italy and France to contribute to a planned 315 billion euro ($371- billion) investment scheme aimed at spurring growth and jobs in Europe, even if their budgets are already under scrutiny by the EU for overspending.

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