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EU Strikes Budget Reform Deal After Two-year Wrangle
The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences. Finance ministers from the 27 members met by video link to hammer out the agreement -- after their French and German colleagues had got together in Paris on Tuesday to clear the way for a compromise. France's finance minister Bruno Le Maire took to social media to hail the deal. "Historic accord! After two years of intense negotiations we have new European budget rules," he said. Dutch minister Sigrid Kaag said: ... (full story)