EU to Admonish France Over Budget Deficit

Reported 8 months ago

The European Union is expected to reprimand France for violating the bloc's deficit and debt regulations, potentially leading to fines and complicating the upcoming legislative elections. France's deficit exceeded the 3% threshold, with debt around 111% of GDP, limiting the next government's fiscal policies. The reprimand comes as France faces economic challenges and political uncertainties, with implications for future relations with the EU and financial markets.

Source: YAHOO

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