Latest update: 05/06/2012 

- debt - European Commission - European markets - France - François Hollande - French economy


France cautioned over its economic prospects

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The European Commission has warned France's new government over its spending plans. While freshly elected President François Hollande says he'll lower the retirement age, the EU says it's the opposite that's required if France is to trim its deficit to 3% of GDP this year, along with reforms to its labour market.

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