European fiscal pact

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French President Francois Hollande is holding talks with the heads of the World Bank and other top economic bodies to discuss the eurozone debt crisis and ways to kickstart growth. Earlier in October France ratified an EU fiscal pact that requires countries with high debt to keep their structural deficits below 0.5 percent of gross domestic product, in a bid to overcome the crisis. So far nine eurozone members have ratified the treaty, which takes effect at the start of next year.VIDEOGRAPHIC

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