France defies EU partners with 'no austerity' budget


  • World
  • Wednesday, 01 Oct 2014

PARIS (Reuters) - France laid down the gauntlet to EU partners on Wednesday with a 2015 budget setting out how it would bring its borrowing back to within EU limits two years later than promised, a retreat it blamed on a fragile economy.

Without specifically naming France, German Chancellor Angela Merkel quickly stressed that rebuilding sound public finances could not be taken lightly.

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