French budget deal leads to discontent in Brussels
Not punishing Paris for missing targets is a wrong signal to investors: officials
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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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