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France to Lower Deficit With ‘Rigorous’ 2012 Budget, Fillon Says

Prime Minister Francois Fillon said the 2012 budget will be France’s most “rigorous” since World War II in a bid to lower the deficit by a fifth.

“Reality has struck,” Fillon said in Morzine, in the French Alps, according to a copy of his speech. The government doesn’t have “hidden treasure” to finance record public spending and will soon adjust growth forecasts.