France tests EU rules with 2015 budget

October 15, 2014 2:09 PM

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France tests EU rules with 2015 budget

PARIS (Reuters) - The European Union's budget rules faced their biggest test in over a decade on Wednesday after France presented a draft 2015 budget breaking past commitments to rein its deficit back to within EU limits.

It was the second time in two years that President Francois Hollande's government has failed to keep its budget promises and recalls the moment in 2003 when France and Germany both flouted the EU's recently launched budget rule book - an event some say set the stage for the region's debt crisis five...

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