Business

France to focus on spending cuts in 2014, says Hollande

President Hollande seeking to reel in a stagnant economy, here at a news conference in Brussels December 14, 2012, at the end of a European Union leaders summit. — Reuters file picPresident Hollande seeking to reel in a stagnant economy, here at a news conference in Brussels December 14, 2012, at the end of a European Union leaders summit. — Reuters file pic

"It would be wrong to take measures that put another brake on consumption and investment," Hollande said at the annual farm show in Paris.

He also said that while his government's effort to reduce the state deficit had up to now mainly focused on increasing state revenues, the focus from 2014 would be more on reducing state spending. — Reuters

Comments

Please note that you must sign up with disqus.com before commenting. And, please refrain from comments of a racist, sexist, personal, vulgar or derogatory nature and note that comments can be edited, rewritten for clarity or to avoid questionable issues. As comments are moderated, they may not appear immediately or even on the same day you posted them. We also reserve the right to delete off-topic comments