Hollande takes measures to decrease budget deficit

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Source: Bloomberg
© Scanpix/FP
France President Francois Hollande has two more years given by the European Commission to reduce country's budget deficit and overhaul economy. Government aims to decrease shortfall of the budget to 3.5% of GDP in 2014 from 4.1% in 2013 by means of decreasing public spending by 15 billion euros and increasing taxes by 3 billion euros.
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Wed, 25 Sep 2013 12:17:04 GMT

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