France announces 45 bln euros in spending cuts by 2013
The prime minister said state spending would be cut by 45 billion euros.
Closing tax loopholes will bring in five billion euros, and a rebound in the economy should bring in an additional 35 billion euros, he added.
"As and when growth returns, revenues will grow once again," said Fillon.
The remaining 15 billion euros will come from halting temporary measures to boost the economy, said the prime minister.
Link:
http://www.breitbart.com/article.php?id=CNG.efd19d609b2f893c2a9387c67e46a53a.6c1&show_article=1
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