Monday, July 9, 2007

EUROPEAN ECONOMY IS ALL SMOKE AND MIRRORS

Mr Sarkozy argues France needs to cut taxes by 11bn euros (£7.5bn) to tackle its spiralling unemployment problem.

Mr Sarkozy asked EU finance ministers in Brussels to bend its fiscal rules to help avoid a French economic slowdown France believes the strong euro - which has appreciated 60% against the dollar in the last six years - hurts its exports

Posted by chris @ 09:47 PM (402 views)
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