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France to tackle crushing debt, says French PM Ayrault
French PM Jean-Marc Ayrault has called on the French people to rally behind the government to tackle a "crushing" and "unprecedented" debt crisis. He is outlining the new Socialist government's plans in a keynote speech to parliament for the next five years. He confirmed those earning more than 1m euros (£800,000) would be taxed at 75%. The government is to hire more teachers and police and to create 150,000 state-aided jobs - part of electoral pledges of new President Francois Hollande. Mr Ayrault cut France's economic growth forecasts, saying GDP was likely to grow 0.3% this year, rather than a budgeted 0.7%, and ... (full story)
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