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European Commission Suspends Excessive Deficit Procedure Targeting France

Summary by Le Figaro
While Hexagon, in the midst of the construction of its 2026 draft budget, is far from clear, the government welcomed this signal as encouraging.

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While Hexagon, in the midst of the construction of its 2026 draft budget, is far from clear, the government welcomed this signal as encouraging.

·Paris, France
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ARTICLE. In order to meet the budgetary requirements of Brussels, France is gaining a boost in the excessive deficit procedure which is aimed at it. However, on other socio-economic issues, the European Commission has increased its criticisms, in particular on the competitiveness of enterprises, the ecological transition or education.

The European Commission has suspended its excessive deficit procedure for France on Wednesday, while the deficit has been growing steadily for three years and still exceeds 5% of GDP. Incomprehensible.

·France
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This is an article in Le Figaro (source here) entitled "The European Commission puts the excessive deficit procedure on hold for France" "Budget standstill (a little) for France. On Wednesday 4 June, the European Commission announced, on the occasion of a press briefing, its verdict on the deficit procedure [...]

On Wednesday 4 June, the European Commission delivered its verdict on the state of public finances in the Member States. France is still heavily indebted, but the excessive deficit procedure is suspended. The Commission considers positively the efforts made to save money.

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Le Figaro broke the news in Paris, France on Wednesday, June 4, 2025.
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