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France says austerity is 'European disease'

11.07.14 @ 09:20

  1. By EUOBSERVER

French economy minister Montebourg said Thursday EU "austerity" is to blame for lack of growth in France. He called it a "European disease" which is "morally right but economically wrong", AP reports. He indicated France wants more time to cut debt and the ECB should try to stimulate export sales.