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Finance ministers will discuss the issue next week (Photo: European Community)

France wants to loosen eurozone rules

France wants the European Union to soften its stance on budget deficits in response to the economic crisis – a move which would alter the EU's stability pact on which the bloc's common currency is based.

"We should think about a special treatment for the debts currently acquired as a consequence of the crisis," French economy minister Christine Lagarde told Financial Times Deutschland.

She said several member states now have budget deficits as a result of economic stimulus packag...

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Finance ministers will discuss the issue next week (Photo: European Community)

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