Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Bayrou decides to march with Macron

Read more

THE DEBATE

France's Topsy-Turvy Election: Uncertain outcome as insurgents blow away old guard (part 1)

Read more

THE DEBATE

France's Topsy-Turvy Election: Uncertain outcome as insurgents blow away old guard (part 2)

Read more

THE INTERVIEW

Amnesty chief urges France to 'stay true to its values'

Read more

ENCORE!

Film show: 'Certain Women', 'Rock’n Roll' and 'A Wedding'

Read more

FOCUS

#BringBackOurInternet: English-speaking Cameroon hit by digital blackout

Read more

MIDDLE EAST MATTERS

Preaching coexistence: Avant-garde mosque opens in Lebanon's Druze heartland

Read more

THE OBSERVERS

Prison guards turn guns on prisoners in Chile, and thousands of migrants stuck in smoky warehouses in Serbia

Read more

FACE-OFF

French presidential race: Le Pen makes groundbreaking visit to Lebanon

Read more

France

Budget for 2012 most rigorous since WWII, says PM

Latest update : 2011-11-06

French Prime Minister François Fillon said Saturday that the 2012 budget would be "one of the most rigorous France has known since 1945," in a bid to keep France's excellent credit rating ahead of next year's presidential elections.

AP - Prime Minister Francois Fillon has warned the French that belts must tighten next year to reduce the debt.

He said Saturday that the 2012 budget “will be one of the most rigorous France has known since 1945,” the end of World War II.

Fillon spoke ahead of a meeting called by President Nicolas Sarkozy with a small group of ministers to plot measures aimed at filling public coffers with up to 8 billion EUR ($11 billion) more in funds. A plan could be announced Monday after a special Cabinet meeting.

Sarkozy, expected to seek a new mandate in next year’s presidential elections, wants to keep France’s excellent credit rating amid Europe’s debt crisis.

The summit he hosted of the Group of 20 failed to deliver funds to ease the panic before it closed Friday.

Date created : 2011-11-06

  • FRANCE

    French finance minister defends austerity budget

    Read more

  • FRANCE

    French foreign ministry hit by budget cut squeeze

    Read more

  • EURO ZONE

    France and Germany call for tougher budgetary controls

    Read more

COMMENT(S)