
By John Galt November 7, 2011 – 21:15 ET Ambrose Evans-Pritchard’s latest from the UK Telegraph: France cuts frantically as Italy nears debt spiral From tonight’s article: “We wish to protect the French against the grave problems facing other European countries. Bankruptcy is not an abstract word,” said premier Francois Fillon. The belt-tightening plan — the second package since August, taking total cuts to €112bn — include a 5pc super-tax on big firms, a rise in VAT on restaurants and construction, and cuts on pensions,…





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