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.


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RPT-U.S. automakers look to shift huge health-care burden

(Reuters) - CHICAGO, June 10 - U.S. automakers faced with
enormous retiree health benefits costs may well join other
large U.S. companies in shifting more of the long-term risks of
meeting those obligations to workers.




Among the biggest companies now dealing with the choking
costs of health-care benefits agreed to in more prosperous
times, General Motors Corp. , Ford Motor Co. and
Chrysler would not be alone if they shift responsibility for
maintaining those programs to workers and the unions that
represent them.


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