Paris prepares for big spending cuts

Report of a FT interview with Claude Guéant, chief of staff and most trusted adviser to Nicolas Sarkozy, France’s President, June 2010. He said that France was preparing new spending cuts to help deliver the €100bn in savings needed to meet its pledge of bringing its public deficit in line with European targets by 2013.

ESO: Background information: France urged to spell out budget deficit cuts http://www.europeansources.info/record/france-urged-to-spell-out-budget-deficit-cuts-french-raise-retirement-age-to-62/

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