EU leaders meeting in Brussels on Thursday (14 March) agreed to a more growth-friendly interpretation of deficit rules, but Germany and others insisted that austerity measures will work if given more time.
The softened wording - coming three years into the economic crisis, and amid rising unemployment and deepening recession in the eurozone - is being seen as a victory for France and Italy.
Speaking after the meeting, French President Francois Hollande indicated that member states...
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