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French Prime Minister Warns of Cuts to Tame Its ‘Volcano’ of Debt
Keywords: Macron, France Debt, France Austerity,
French prime minister Edouard Philippe says that France will meet the 3% of GDP deficit target in 2017 and this will require restraint in spending. Over the 5 year term of president Macron France will cut spending by 3% of GDP. The new government still plans to meet investment and tax cuts that were planned, including a $50 billion euro investment program. Over the 5 year term taxes will decline by 1% of GDP, said Philippe.
Investment, taxes and spending restraint in France in 2017-2018 under prime minister Edouard Philippe
07/05/2017
Grouped Articles
French Prime Minister Warns of Cuts to Tame Its ‘Volcano’ of Debt
WSJ 07/04/2017
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