The European Commission has rejected the budget proposal for France, Spain, Belgium, Portugal, and Slovenia saying none of the EU members meets the bloc's recommended targets for cutting longer-term deficit cycles, an announcement that comes on the heels of Brussels' rejection of Italy's budget proposal, which caused the euro to fall to a two-month low against the US dollar on October 19 as the EU voiced strong criticism of the Eurosceptic Italian government's 2019 budget deficit target of 2.4%....

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