Tough spending cuts are necessary to restore the financial system, Bruno Le Maire has warned Restoring France’s financial system will require tough spending cuts, Finance Minister Bruno Le Maire said on Monday, as he warned the nation of hard times ahead. Speaking in Paris, Le Maire said he is determined to straighten out the nation’s finances by reducing the country’s multi-trillion-euro debt and the budget deficit. The French government spent heavily to support households and businesses during the Covid-19 pandemic, and the energy crisis which was triggered by EU sanctions on Russia. “I remind you that we must f
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