France reassures eurozone partners on tax cuts
Wednesday, 6 June 2007
LUXEMBOURG, June 5 (AFP): France sought yesterday to reassure its eurozone partners about plans to jolt the French economy into faster growth with tax cuts amid fears about the impact on the country's public deficit.
Once one of the worst violators of European rules on overspending, France's recent return to the ranks of the fiscally prudent is in question after the new government unveiled plans to "shock" the economy with tax cuts.
Once one of the worst violators of European rules on overspending, France's recent return to the ranks of the fiscally prudent is in question after the new government unveiled plans to "shock" the economy with tax cuts.