BERLIN (Reuters) - A leading member of German Chancellor Angela Merkel's conservative allies in Bavaria has criticised the European Commission's decision to give France two extra years to cut its deficit, a letter seen by Reuters shows.
On Wednesday Brussels said it would give France until 2017 to bring its deficit below the EU limit of 3 percent of gross domestic product (GDP), sparing Paris a fine and giving it a new grace period after it missed a second deadline to put its finances in order.
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