- France will honour its commitments on deficit reduction
- France can not live beyond its means
- of the EUR 50 bln savings plan the state will reduce spending by EUR 18 bln
- maintain civil service pay-freeze
- EUR 11 bln will come from local authorities
- healthcare spending to drop by EUR 10 bln by 2017
- EUR 11 bln of savings to come from social security system
Necessary or not this will prove an immensely unpopular list. Austerity measures are bad at the best of times but from a govt that’s supposed to be on the side of the people? Ouch.
