France aims for $70bn in spending cuts

France may soon join Europe in reeling from austerity measures if PM Manuel Valls achieves his financial plan.

    For almost 40 years France has spent more than it has made.

    As a remedy the French Prime Minister Manuel Valls is pushing for a $70bn spending cut in the parliament. This means budget cuts in areas like healthcare.

    Meanwhile, the PM is also trying to encourage job creation by cutting taxes for businesses. This gives France a difficult predicament of simultaneously trying to cut taxes and slash its deficit.

    Al Jazeera's Jacky Rowland reports. 

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.