PARIS (AFP) — The new French government headed for collision with the European Union on Wednesday, saying tax cuts to "shock" growth up a gear together with investment come before spending controls in a fast-track reform strategy.
French Budget Minister Eric Woerth said that although the new government attached importance to cutting the budget deficit over some years, it was not the most immediate priority.
And Prime Minister Francois Fillon stressed that the government would move swiftly to cut taxes to stimulate the economy with a "shock", intended to facilitate the rapid introduction of other structural reforms.
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Woerth said: "Accepting deficits to finance investment: we are totally in this frame of mind."
But he also said: "We should be able to respect, I hope, the targets for the deficit and the debt for 2007. In any case we are going to work to achieve this in the next few ...
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