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French budget targets deficit but growth uncertain

The French government on Wednesday presented a 2012 austerity budget, promising to balance strained public finances but warning that eurozone debt “turbulence” could yet derail timid growth. France’s public deficit will reach 5.7 percent of gross domestic product this year, before dropping to 4.5 percent in 2012 and then to the European Union limit of 3.0…

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