ECB: France No. 1 spender in Europe

The President of the European Central Bank has slammed France’s economic policies, terming the country as Europe’s ‘number one spender’.Compared to its GDP, the country has been well on the way to spending much more than its European neighbors during 2007, Jean-Claude Trichet warned. The remarks come as Prime Minister Francois Fillon cautioned that the country’s finance was in “critical” condition.

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