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December, 10, 2016

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Moody's predicts France missing its 2014, 2015 budgetary targets

PARIS--Credit ratings agency Moody's said Monday that France's efforts to tackle its high deficit will likely fall short of targets set for this year and next.

France's stated plan to cut spending and taxes to trim 18 billion euros (US$24 billion) from the deficit this year and 50 billion euros in 2015 is "broadly positive" for competitiveness, Moody's said in a statement.









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