Description:Â France’s new Socialist government announced tax rises worth 7.2 billion euros on Wednesday, including heavy one-off levies on wealthy households and big corporations, to plug a revenue shortfall this year caused by flagging economic growth.
Source: Reuters.com
Date: July 04, 2012
Link: http://www.reuters.com/article/2012/07/05/us-france-budget-idUSBRE86307X20120705
Questions for Discussions:
- What are the implications for Euro-based debt, the Euro, and the global economy?
- Is this decision a good one?
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