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France escapes EU budget censure

SEVILLE, Spain, June 21 (UPI) -- European Union finance ministers agreed to lower rules underpinning the euro Friday to avoid a showdown with France and other spendthrift member states. Paris's new center-right government admitted its budget deficit would come perilously close to breaking the EU's three percent limit in 2002, sparking the ire of more fiscally prudent countries.

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