New French government to seek more leeway on deficit deadlines


  • World
  • Friday, 04 Apr 2014

PARIS (Reuters) - France's reshuffled government lost no time on Thursday in indicating that it will seek to renegotiate its deficit-reduction deadline with the European Commission, setting it on a collision course with its EU partners.

New Finance Minister Michel Sapin hinted that Paris hoped to secure greater understanding in Brussels for its efforts to win a further delay in its budget target by parachuting his predecessor, Pierre Moscovici, into a key EU economic post.

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