Open

Coming up

Don't miss

Replay


LATEST SHOWS

WEB NEWS

Online movement demands peace in Gaza

Read more

BUSINESS DAILY

Apple aims to satisfy China's hunger for smartphones

Read more

DEBATE

MH17: Punishing Putin? (part two)

Read more

DEBATE

MH17: Punishing Putin?

Read more

MEDIAWATCH

Competing narratives in Malaysia Airlines disaster coverage

Read more

AFRICA NEWS

Kenya : Police arrest 8 over Mombasa rampage

Read more

FOCUS

Overfishing and the global appetite for bluefin tuna: can Tokyo turn the tide?

Read more

MEDIAWATCH

Too many graphic images from Gaza ?

Read more

FASHION

Who's next in Paris, an event with international ready-to-wear and fashion accessories collections

Read more

  • Netherlands to honour MH17 victims in national day of mourning

    Read more

  • Kerry arrives in Israel to push for Gaza ceasefire

    Read more

  • Defying UK, France to proceed with warships sale to Russia

    Read more

  • US courts issue conflicting reports on Obamacare

    Read more

  • Video: Lebanon fears fallout from regional turmoil

    Read more

  • Widodo wins Indonesian presidential election

    Read more

  • Flight MH17 shot down ‘by mistake', US intelligence indicates

    Read more

  • US, European airlines suspend flights to Tel Aviv

    Read more

  • Australian veteran Rogers claims 16th stage of Tour de France

    Read more

  • France gives go-ahead to pro-Palestinian Paris rally

    Read more

  • French Jews mourn French-Israeli soldier killed in Gaza

    Read more

  • PSG punished by UEFA for abuse of disabled Chelsea fans

    Read more

  • Colombia's Rodriguez signs '€80m' contract with Real Madrid

    Read more

  • Children killed in minibus crash in eastern France

    Read more

  • A call for harmony in riot-hit ‘Little Jerusalem’ Paris suburb

    Read more

France

Ayrault seeks support to tackle 'crushing' French debt

Video by FRANCE 24

Text by News Wires

Latest update : 2012-07-03

French Prime Minister Jean-Marc Ayrault urged the French to rally behind the government to tackle a “crushing” debt crisis in his first speech to Parliament Tuesday, adding that the aim of belt-tightening measures was to balance the budget by 2017.

AFP - Prime Minister Jean-Marc Ayrault Tuesday urged the French people to rally behind the government to tackle a “crushing” and “unprecedented” debt crisis.

“The debt burden has become crushing. The state pays nearly 50 billion euros to its creditors annually,” he told parliament while outlining the new government’s legislative agenda.

“I have come here today to appeal to you and through you all French people for a mobilisation because it is not too late to react and succeed,” he said.

Ayrault said the aim of the belt-tightening at a time of lower-than-expected domestic growth and the eurozone debt crisis was to have a balanced budget in 2017.

The state audit office warned Monday that the budget must be adjusted by up to 10 billion euros this year and by 33 billion euros ($41.7 billion) next year.

Ayrault’s speech is being closely monitored by voters, businesses and the right-wing opposition in France but also by financial markets worldwide as France along with Germany is a key player in resolving the eurozone debt crisis.

The Socialist government under President Francois Hollande, whose poll mantra had been growth over belt-tightening, may be forced to review pledges to voters to create jobs, spur growth and reduce the public deficit.

Date created : 2012-07-03

  • FRANCE

    France needs €43 billion to meet 2013 deficit targets

    Read more

  • FRENCH ECONOMY

    French economy at zero growth in first quarter of 2012

    Read more

  • FRANCE

    France to legalise gay marriage in 2013

    Read more

COMMENT(S)