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Europe Daily Bulletin No. 8542

16 September 2003
GENERAL NEWS / (eu) eu/ecofin
France's pledge to bring its deficit back below 3% in 2005 fails to meet Council recommendations, says Commissioner Solbes

Stresa, 15/09/2003 (Agence Europe) - At the informal meeting of European finance ministers in Stresa at the weekend, French economics minister Francis Mer said France would be able to bring its deficit back below 3% in 2005. European Commissioner Pedro Solbes said France's views were moving closer but did not meet the Council's recommendations (for 2004). The Commissioner and his eurozone partners expect France on 3 October to give quantified targets for 2004. It is too early to talk of...

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