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The credibility of European football's financial fair play rules will be questioned after it emerged that Manchester City and Paris St. Germain would not be banned from the Champions League for breaching them.City and PSG have been offered settlements for breaking rules designed to limit clubs' financial losses, and those agreements could be rubber-stamped this week. UEFA has emphasized all along that the rules have been developed in coordination with European clubs and not dreamed up by President Michel Platini to punish the nouveaux riches of the English Premier League.Clubs were allowed to lose no more than 45 million euros over the last two seasons.In its defense, UEFA believes that the FFP rules are starting to have a beneficial impact, with total losses for topflight clubs across the continent falling by 600 million euros to 1.1 billion euros in 2012 .
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