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French FinMin: Eurozone not Prepared Enough to Face New Crisis

There is no risk of contagion from Italy's budget crisis in the European Union but the euro zone is not prepared enough to face a new economic crisis, French Finance Minister Bruno Le Maire told daily Le Parisien on Sunday. The European Commission rejected Italy's draft 2019 budget earlier this week for breaking EU rules on public spending, and asked Rome to submit a new one within three weeks or face disciplinary action. "We do not see any contagion in Europe. The...

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