France is to cut its budget next year for the first time in over five decades in a bid to meet an EU deadline on deficit reduction.
"This is the first time that we will propose such a reduction in parliament. It is a structural effort," French Prime Minister Jean-Marc Ayrault said Tuesday (25 June) when presenting a planned cut of €1.5 billion to the almost €400 billion to be spent next year by the government.
Ayrault said state spending has increased continuously since the beginn...
Back our independent journalism by becoming a supporting member
Already a member? Login here