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New French PM tells parliament the country’s ‘colossal’ debt is ‘sword of Damocles’ • FRANCE 24

In his inaugural address to parliament, the new French Prime Minister Michel Barnier warned Tuesday that “colossal” and spiraling debts are a “sword of Damocles” hanging over the finances of the European Union’s second-largest economy and announced belt-tightening and more taxes to reverse the trend. FRANCE 24’s Clovis Casali reports from the National Assembly in Paris.
#France #economy #politics

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