Italy and France must cut deficit, says EU president
(AGI) Rome, Dec 10 - Italy and France must honour theirpromises of reforms and comply with the EU Stability Pact,otherwise "the consequences will not be pleasant", warnedPresident of the European Commission, Jean-Claude Juncker. "Weneed to trust the Italians and French, and then we'll see,probably in March, how it went," he told German newspaperFrankfurter Allgemeiner Zeitung in defence of the decision togive the countries more time to right their accounts. "Withoutthe measures announced, there will be a worsening of theexcessive deficit procedure." Rome and Paris passed the firstjudgment by Brussels on