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Europe Daily Bulletin No. 10697

27 September 2012
ECONOMY - FINANCE - BUSINESS / (ae) france
Paris plugs its European credentials in its 2013 budget

Brussels, 26/09/2012 (Agence Europe) - On Friday 28 September, France will unveil its draft budget for 2013 with some €30 billion of savings in the form of spending cuts and extra taxes in order to keep the promise made by the French president, François Hollande, of reducing the public deficit to below 3% of GDP in 2013. Quite a challenge against a backdrop of lack-lustre growth, but France's credibility among its European partners is at stake, particularly in the eyes of Germany and the...

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