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HISTORICAL FACTS: France needs to introduce 25 billion euros in cuts to tackle eu deficit | History Defined

European Union Deficit France Euro Bruno Le Maire NFP

France is reportedly looking to further cuts in public spending as it once again fails to meet it target on reducing its 3-trillion euro deficit. AFP - THIBAUD MORITZ

The French government has announced plans for €25 billion in budget cuts this year to address EU concerns over its deficit and debt levels.

. Finance Minister Bruno Le Maire stated these cuts are necessary to reduce the deficit to 5.1% of GDP, revised from an earlier 4.4% target.

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