Comments from Barnier:
Will reduce deficit to 3% in 2029First remedy to bring down debt is to reduce spendingIn 2025, two-thirds of effort will focus on cutsBudget situation also requires targeted measures on tax policyWe will ask large companies and richest part of population to contribute to effort around finances
It’s going to be a mess in France and many parts of Europe. The public is in no mood for tax hikes or austerity but something has to be done about deficits.
This article was written by Adam Button at www.forexlive.com.
