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EU Deficit News

12 Jul 2016

EU launches sanctions procedure against Spain, Portugal on deficits

Eurozone finance ministers agreed Tuesday to officially begin a sanctions procedure against Spain and Portugal for doing too little to fix their rule-breaking deficits.

10 Sep 2014

France says will not meet EU deficit rules until 2017

Crisis-wracked France on Wednesday pushed back its target to hit EU deficit rules by two years, potentially putting the eurozone`s second-biggest economy on a collision course with Brussels.

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