PARIS: The European Union (EU) tells France its plan for slower deficit reduction next year is still within the bloc’s rules, handing Francois Bayrou ’s government a reprieve in its battle to repair creaking public finances.
France aims to bring the deficit within 3% of economic output by 2029, but with a smaller effort this year after the government of Michel Barnier was toppled as it tried to push a stringent budget through parliament.
