France ponders ripping up EU budget rules
Requirement seen as a straightjacket on govts wanting to spend their way out of sluggishness
Paris
NOBODY yet knows the winner of France's presidential election next year, but the smart money is on one loser: the 3-per cent cap on government deficits enshrined in eurozone rules.
The requirement, a bedrock of euro stability for some, to keep government deficits to below 3 per cent of gross domestic product is seen by many as an insufferable straightjacket on governments wanting to spend their way out of economic sluggishness.
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