Brussels, 26/08/2013 (Agence Europe) - Euro Commissioner Olli Rehn says that budget consolidation should come through cutting public spending, but France is preparing a reform of pensions and a draft budget for 2014 (to be unveiled in September) that will raise taxes.
In an interview with Journal du Dimanche on Sunday 25 August, Rehn said that budget discipline should lead to a fall in public spending, not the introduction of new taxes. Tax rises in France, he said, have reached a fateful...