Tags: Hollande | France | taxes | stimulus

LIGNET: Hollande Backing Away from Stimulus Promises

Wednesday, 03 Oct 2012 02:06 PM

While the Socialist government of French President François Hollande unveiled a budget last week that included higher taxes on large corporations and a 75-percent tax bracket for the super-rich, there were also major reductions in public spending, marking a turn away from the kind of spending Hollande had promised during his campaign to help stimulate job creation. Hollande, it appears, is conceding at least in part that France cannot spend its way out of this recession.

To read the full analysis at LIGNET.com, click here.

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While the Socialist government of French President François Hollande unveiled a budget last week that included higher taxes on large corporations and a 75-percent tax bracket for the super-rich, there were also major reductions in public spending.
Hollande,France,taxes,stimulus
86
2012-06-03
Wednesday, 03 Oct 2012 02:06 PM
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