© Scanpix/AFP
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Francois Baroin,
France's Finance Minister claimed that poor growth and volatile markets
would not contaminate nation's stable economic position. FM emphasized that
France still has AAA credit rating despite euro area crisis. At the beginning of the month Sarkozy's
government approved austerity measures accumulating €7 bn and
downgraded France's growth rate for year 2012 from 2.25% to 1%.