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BUSINESS DAILY

1.5 million fewer tourists visited Paris in 2016

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THE INTERVIEW

NATO chief Stoltenberg: US is 'strongly committed to Alliance'

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ACROSS AFRICA

South Sudan's refugee crisis has reached catastrophic proportions, the UN warns

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EYE ON AFRICA

Famine in South Sudan: More than 100,000 people face starvation

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MEDIAWATCH

'Last Night in Sweden'? Trump's comment causes confusion

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THE DEBATE

Mosul offensive: New phase in battle for Iraq's second city (part 1)

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THE DEBATE

Mosul offensive: New phase in battle for Iraq's second city (part 2)

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ENCORE!

Kiwi indie heroes The Naked and Famous reflect on life after 'Young Blood'

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THE INTERVIEW

France's election: 'The Russians are doing what they can to bring down Macron'

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IN THE PAPERS

An overview of the stories making the French and international newspaper headlines. From Monday to Friday live at 7.20 am and 9.20 am Paris time.

Latest update : 2012-07-03

Awash in numbers

It’s wall-to-wall economics in the French papers today: they’re pouring over the numbers in the state auditor’s report, and with the state of public finances come dark warnings and dubious word play about "rigour" and "austerity". Les Echos and Le Figaro say the budget shortfalls are so dire that the government will have to backtrack on its extravagant promises.

Just how bad is it? The budget shortfalls range from 6 to 10 billion euros this year, and are expected to reach up to 60 billion euros next year, according to La Croix

Same story, darker tone in Les Echos, which says France is condemned to implement unprecedented austerity measures. It will have to reconcile extravagant campaign promises with the cold reality of budget restraints.

Le Figaro, too, warns that the government will have to renege on campaign promises made just a few months ago, including the 60,000 teachers and support staff that Francois Hollande had planned to hire. 

By Kyle G. Brown

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