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France to cut government spending for 1st time since 1958

25.06.2013 13:00

In their effort to shift austerity from tax hikes, France will cut spending for the first time in over 55 years, by $2 billion.

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Comments (12) Sort by: Highest rating Oldest first Newest first

 

Adrian Wainer 01.07.2013 09:37

France was able to secure high wages for its workers and build an extensive social welfare provision post World War II through the success of French state and private enterprise industry. The imigration of large numbers of Muslims in to France and the erosion of traditional French city community and peasant community values has damaged France's ability to compete economically.

Anonymous user 26.06.2013 13:24

Big-one5,they should had CUT spending years ago.But campaing promises,favors,inve stments. mm..yea

Anonymous user 26.06.2013 12:09

Austerity simply does not work when facing an economic troubles. It only makes things worse.

Anonymous user 26.06.2013 12:08

In our ridiculous system, printing money is the only option that works. Euro countries can't do that

Anonymous user 26.06.2013 11:21

When West finally admit that they are a bubble ecoomy about to burst?

Anonymous user 26.06.2013 07:54

Why can't they simply adjust GDP computation methodology to show growth, like US does.

Anonymous user 26.06.2013 06:22

@"US did not cut spending"
o h, really? then what the sequester is?

Anonymous user 26.06.2013 06:09

The US did not cut spending, in fact US had broad stimulus that saved economy from absolute death

Anonymous user 26.06.2013 06:06

There is no fear in France? They are THE most fearful country in EU & top consumer of anxiety meds

Anonymous user 26.06.2013 04:43

gov't is expert in wasting money, so its overspending just adds debt and reduces business confidence

Anonymous user 26.06.2013 04:41

they are starting to see the light - also in US economy started to recover once gov't cut spending

Anonymous user 25.06.2013 19:04

Surely the headline should be Hello to austerity? As spending cuts just started

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