The EU on Tuesday gave France a further two years until 2017 to bring its budget deficit back into line with Brussels rules, the bloc's euro commissioner Valdis Dombrovskis said, meaning Paris avoids a fine for now.
"Today we have decided to propose a new recommendation to France as to how to address its excessive deficit, and set a new deadline for it to be below 3.0 percent, this being by 2017," Dombrovskis told a hastily-arranged press conference.
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