France Plans Billions in Spending Cuts to Calm Bond Market
The French government intends to reduce spending by tens of billions of euros next year in an effort to alleviate investor concerns that have pushed the country's borrowing costs to multi-decade highs.
The French government plans to cut tens of billions of euros in spending next year as it tries to ease investor concerns that have pushed the country's borrowing costs to their highest levels in decades. It is not clear whether the government will be able to carry out the planned cuts.