France risks humiliating 'fail' in EU budget test

October 15, 2014 1:35 PM

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France finds itself in the uncomfortable position of a student at the end of exams as it hands in its 2015 budget plans to European Union authorities for review.

Wednesday's deadline for the bloc's 28 states to submit their budgets opens up a two-week window during which France and a few other countries who know they've missed key deficit targets must wait and hope for leniency, or be forced into a humiliating redo.

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