EU: France To Miss Deficit Deadline

Spain still struggling with its recovery

France will miss an agreed target to cut its public deficit, the EU said on Tuesday, with Spain's battered economy showing few signs of catching up recovery in the northern eurozone.

The latest European Commission economic forecasts said the French government deficit will hit 4.1 percent this year, 3.8 percent next year and still post a 2015 shortfall at 3.7 percent.