Sunday, June 10, 2007

French PM says 2008 budget to include deficit cut plans

(Reuters) - Translating such promises into action will help reassure France's European Union partners and the EU's budget watchdog that President Nicolas Sarkozy's tax cut plans will not lead to fiscal slippage.




The measures, which include plans to exempt overtime from taxes and give tax relief on mortgage interest rate payments, are expected to cost about 11-15 billion euros in a full year.


Read more at Reuters.com Bonds News

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