According to an article in Le Figaro today citing unnamed sources and being reported by Bbg

  • EU set to delay its decision on whether to accept a French 2015 budget deficit in excess of 3% until March
  • sources say French public finances present a serious risk to the collective discipline of the euro
  • in March France may secure a delay until 2017 depending on budget trajectory and the extent of reforms

The rumblings on the French deficit continue

EURUSD 1.2397 EURGBP 0.7913 EURJPY 146.19 as we wait for markets to kick into life