EU clears France 2014 budget, but warns 'no margin'

GMT 10:14 2013 Friday ,15 November

Arab Today, arab today EU clears France 2014 budget, but warns \'no margin\'

Arab Today

The EU cleared France's draft 2014 budget on Friday under new eurozone oversight powers, but warned Paris it has "no margin" for error in reducing its public deficit. The measures contained in the French government's 2014 budget suggest "adequate progress" towards an extended 2015 deadline for meeting the EU's ceiling, "albeit with no margin," the European Commission said.

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