The European Commission has initiated procedures for excessive public deficits against seven EU countries, including France, signaling a major crackdown on fiscal indiscipline. Alongside France, Italy, Belgium, Hungary, Poland, Slovakia, and Malta have been pinpointed for failing to adhere to the EU's fiscal rules. These countries are now required to implement corrective measures to comply with the EU's fiscal standards in the future. This move comes at a critical time for France, where spending promises are escalating just two weeks ahead of elections, highlighting the broader challenge of balancing economic growth with fiscal responsibility across the EU.
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