BUSINESS DAILY - EU warning on France's deficit as Hollande marks two years in office

  • 10 years ago
French President François Hollande was elected two years ago with a promise to move away from austerity policies. But in 24 months, he’s been forced into raising taxes and cutting spending in an effort to slash France’s budget deficit. Now the European Commission doesn’t even think France will meet its 3 percent of GDP deficit target by 2015. Also today: what connects Brunei to Beverly Hills?

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