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France to introduce austerity measures

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French President Nikolas Sarkozy, left and French Prime Minister Francois Fillon, right. France is due to announce tighter fiscal measures, clamping down on tax breaks, as it seeks to restrain its deficit, amid concerns that the country could lose its AAA credit rating. French president, Nikolas Sarkozy ordered the budget and finance minister to pull together the measures earlier this month, after... 
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