Europe sets deadline to tackle national debts
Europe set a deadline on Thursday to end economic pump priming with a pledge to tackle member states' bloated deficits in 2011, the keystone of exit strategies. "We think that exit strategies, which must be prepared from today, can be applied during 2011," said Luxembourg Prime Minister Jean-Claude Juncker, who heads up the group of 16 countries that use the euro single currency. Juncker's timetable was conditional on further improvement in economic data, which has already lifted France and Germany out of recession, with the 16 also expecting to record notional growth in the quarter that ended on Wednesday.
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