French Premier Valls Sees Encouraging Signs of Economic Recovery

French Prime Minister Manuel Valls said he sees “encouraging” signs that the nation’s economy is recovering and promised to stick to plans to trim spending and corporate taxes.

Speaking after President Francois Hollande’s final cabinet meeting before a two-week summer break, Valls said the government will push through further spending cuts as planned in the 2016 budget in order to finance 40 billion euros in tax cuts for business by 2017.

“That’s how we’ll obtain results, by not changing direction,” Valls told journalists in Paris.

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