France defies EU partners with 'no austerity' budget, AsiaOne World News

October 1, 2014 11:47 AM

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PARIS - France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.

"We have taken the decision to adapt the pace of deficit reduction to the economic situation of the country," Finance Minister Michel Sapin told a news conference.

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