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Hollande Vows Not to Ratify Euro Pact, Auguring Merkel Clash

French Socialist Francois Hollande, the leading presidential candidate, said France won’t ratify the European agreement pushed by Germany to tighten budget rules if he’s elected.

“There will be a re-negotiation,” Hollande told journalists today in Paris. “Either there will be a new treaty, or there will be a modification of the existing treaty. It’s about negotiation.”