Tempers fray in France as drastic cuts loom

“President Francois Hollande has already angered much of his own Socialist base with plans to cut spending next year in absolute terms for the first time since 1958, but this may be just start of the battle. The Cour des Comptes said France is not even ‘halfway’ through its fiscal squeeze.  The warnings came as a blizzard of grim news dashed hopes for a rapid recovery from two years of slump. A recent study by Pew Foundation said French support for the European Project has crashed from 60pc to 40pc over the past year. Just 22pc now think EU economic integration is positive.”

http://www.telegraph.co.uk/finance/financialcrisis/10147219/Tempers-fray-in-France-as-drastic-cuts-loom.html

Comments are closed, but trackbacks and pingbacks are open.