France overshoots 2012 deficit target; more overruns ahead

France was able to cut its public deficit only to 4.8% of GDP last year from 5.3% in 2011 amid stagnant economic activity, overshooting the official target by 0.3 point, the national statistics institute Insee estimated Friday. Public debt continued to mount, rising by E116.9 billion …

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France overshoots 2012 deficit target; more overruns ahead

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