France to stick to deficit plan

[alp227]

Source: FT

France is to stick doggedly to plans to slash its deficit to 3 per cent of gross domestic product next year, its finance minister has insisted, despite increasing anxiety among the ruling Socialists about the more than €30bn of savings needed to hit the target.

Pierre Moscovici said the deficit target was not being imposed out of “love of a number” but because “debt reduction is imperative to conserving our sovereignty and staying master of our own destiny”.

Read more: http://liveweb.archive.org/http://www.ft.com/cms/s/0/5535b3e8-ea0b-11e1-ad39-00144feab49a.html

[Selatius]

1. If it were an issue of sovereignty, they should've stayed with the Franc. nt

[Kolesar]

2. url failed ... eom

[dipsydoodle]

3. Says malicious website when I click on it.

[alp227]

5. WTF? Wayback machine a malicious site?

Check your security settings.

[dipsydoodle]

6. On the desktop I get the malicious warning

and on the Galaxy tablet I get the page you refer to. :shrug;

That doesn't normally happen with your back door links to the FT in fact its never happened before.

[dipsydoodle]

4. Tax-soaked French bankers feeling London's lure

(Reuters) - The City of London financial district, though diminished by scandals and job cuts, is proving irresistible to fed-up Parisian bankers fleeing France's rising taxes and the feeling that they're not best loved at home.

French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale (SOGN.PA), are looking at London as a possible shelter from a new 75 percent tax rate on top French earners, bankers say.

http://uk.reuters.com/article/2012/08/20/uk-france-tax-exodus-idUKBRE87J00420120820