France must take further action to cut its budget deficit to the EU's 3 percent limit in its upcoming emergency budget law, the European Commission said Monday.
The stark warning was contained in the commission's annual policy recommendations to 26 of the EU's 28 national governments, with Greece and Cyprus excepted because they remain in bailout programmes.
Having had its original 2013 deadline to reduce its deficit below 3 percent extended by two years, France's deficit is fore...
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Already a member? Login hereBenjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.
Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.