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No new French tax rises warns Rehn (Photo: consilium.europa.eu)

French tax hikes would 'destroy' growth, EU says

New measures to reduce France's budget deficit must come from public spending cuts, the EU's economic affairs commissioner said Sunday (25 August), warning that any new taxes would “destroy growth and handicap the creation of jobs."

In an interview with the French weekly Le Journal du Dimanche, Olli Rehn, commissioner for economic and monetary affairs, said that tax levels in France had reached a "fateful point". “Budgetary discipline must come from a reduction in public spending and n...

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

No new French tax rises warns Rehn (Photo: consilium.europa.eu)

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Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

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