Hollande Faces Europe’s Glass-Half-Empty Test on Budget Plan
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President Francois Hollande’s government sought to show the European Commission it’s serious about public-spending cuts with its 2014 budget today, after changes to the pension system failed to impress.
“There’s always the question of whether the glass is half full or half empty” with France, European Economic Affairs Commissioner Olli Rehn said at a Sept. 13 meeting of euro-area finance ministers. “France is going in the right direction in terms of economic reforms but there is still much more to do.”