France facing heavy fines over budget excesses

EU Monetary Affairs Commissioner Pedro Solbes said Monday that unless France changed its budget plans for 2004 by next week it faced heavy fines. "We are considering a specific set of recommendations to France," said Solbes' spokesman Gerassimos Thomas. "We hope France will cooperate."

Source: Ireland Online

France was warned today it faces heavy fines if it does not change its 2004 budgetary plans by next week.

EU Monetary Affairs Commissioner Pedro Solbes said the French 2004 budget deficit wo