The European Commission has recommended that France should be cleared from the EU's punitive procedure as its public deficit has dropped below the bloc's threshold.
"The French case shows that budgetary consolidation undertaken with resolve can achieve important results in terms of deficit and debt," EU economic affairs commissioner Joaquin Almunia said about Paris on Wednesday (29 November).
According to the commission, France's deficit fell to 2.9 percent of GDP in 2005 from 3....
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