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Both France and Spain missed their 2012 budget deficit targets according to Eurostat, news which...

Both France and Spain missed their 2012 budget deficit targets according to Eurostat, news which probably won't surprise followers of the eurozone debt crisis. Spain missed its original target (6.3%) by a rather large margin (0.8%) while France missed its 4.5% goal by 0.3%. Both countries are well short of the EU-mandated 3% target and will need more time to bring their finances in line as austerity becomes less popular seemingly by the day.
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