News In Brief

Ticker

French leader to table €50 billion savings package

23.04.14 @ 09:00

  1. By EUOBSERVER

French PM Manuel Valls on Wednesday will present in detail how to cut public spending by €50bn between 2015 and the end of President Francois Hollande's term in 2017. Brussels last year gave France a two-year extension to bring its budget deficit down from 4.3% to below 3% in 2015.