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France - seen as crucial to the eurozone's fiscal and budget discipline drive (Photo: Quinn Dombrowski)

Paris short €43bn to meet EU deficit targets

The French government will have to find €43bn in order to bring the country's deficit in line with EU rules by 2013, a fresh report has shown.

A report on state finances by the national Court of Auditors said Paris will need to find up to €10bn this year and €33bn next year to reduce its budget deficit to 4.5 percent of GDP and then 3 percent of GDP.

"The situation remains extremely worrying,” court president Didier Migaud told Le Monde newspaper, referring to the state of the cou...

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France - seen as crucial to the eurozone's fiscal and budget discipline drive (Photo: Quinn Dombrowski)

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