• French deficit to reach 3% of GDP by 2013
  • France to stick to deficit targets
  • Economic fundamentals are solid
  • Cuts 2011 GDP view to 1.75% from 2.0%; 2012 to 1.75% from 2.25%
  • To modify capital gains tax on real estate
  • To move quickly to harmonize corporate taxes with Germany
  • Seeks spending cuts of EUR 1 bln in 2012
  • To raise tax on incomes above EUR 500,000 until deficit/GDP target is met
  • Capital gains tax to rise to 13.5% from 12.3%
  • To raise tax on alcohol, tobacco and soft drinks