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French budget deal leads to discontent in Brussels

Not punishing Paris for missing targets is a wrong signal to investors: officials

Published Fri, Mar 6, 2015 · 09:50 PM
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Brussels

FRANCE, Germany and the European Commission believe leaving Paris unpunished for persistently failing to curb its budget deficit was a wise compromise that bolsters the euro.

But it takes little effort to find EU officials who say it sends a signal to governments and investors that rules set to hold the common currency together are bankrupt. That, they fear, may make it harder for the euro to weather a future crisis.

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