EU Commission asked France for 2015 budget clarification - Hollande


  • World
  • Friday, 24 Oct 2014

BRUSSELS (Reuters) - The European Commission has asked France for more information on its 2015 budget draft, President Francois Hollande said on Friday, after Paris had sent the EU executive arm a fiscal plan that falls well short of its earlier commitments.

France had promised in 2013 to cut its structural deficit -- a measure that is independent of the rate of economic growth -- by 0.8 percent in 2014 and the same in 2015, while the 2015 budget envisages a cut of only 0.2 percent.

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