France vows deficit reduction track
France vows to stay on its deficit-reduction track despite promising billions of euros in financial guarantees to state agencies and struggling companies. The government says it will cut its deficit by almost 5 percent largely thanks to borrowing at lower costs. France's slowing growth means the government has repeatedly cut spending and raised taxes. The government also promises to save a billion euro by going after tax fraud. President Francois Hollande's administration stakes its credibility on meeting a series of deficit reduction targets.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Former employee's arrest, superintendent's retirement prompt shake-up
OLOL picking up slack as BR General ER closes its doors
Proposed law could end suspensions, expulsions
Accountability to be key following Baker Schools Superintendent retirement
Public safety facing $7-10 million budget cuts