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Macron's concessions set to blow out French deficit

Tuesday, December 11, 2018 - 01:50

France's 10-year borrowing costs climbed to their highest level compared with Germany in a year and a half on Tuesday, as French President Emmanuel Macron announced spending measures in a bid to restore calm after weeks of violent protests. As Pascale Davies reports, Macron announced wage rises and tax cuts late on Monday, which could increase public spending by 8 billion to 10 billion euros.

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France's 10-year borrowing costs climbed to their highest level compared with Germany in a year and a half on Tuesday, as French President Emmanuel Macron announced spending measures in a bid to restore calm after weeks of violent protests. As Pascale Davies reports, Macron announced wage rises and tax cuts late on Monday, which could increase public spending by 8 billion to 10 billion euros.

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Macron's concessions set to blow out French deficit

Tuesday, December 11, 2018 - 01:50