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This Article is From Oct 04, 2016

Sarkozy Pledges EU100B Spending Cuts And EU40B Tax Cuts: Figaro

Sarkozy Pledges EU100B Spending Cuts And EU40B Tax Cuts: Figaro

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(Bloomberg) -- France's former president Nicolas Sarkozy, who is campaigning for the country's 2017 presidential election, outlined tax and spending plans in an interview with Le Figaro released Monday.

Sarkozy pledged a 100 billion euro cut in public spending and cutting taxes by 40 billion euros in the interview. He added that the state should cut shareholdings in some companies and that government employees should work 37 rather than 35 hours a week.

To contact the reporter on this story: Alan Katz in Paris at akatz5@bloomberg.net.

To contact the editors responsible for this story: Alan Katz at akatz5@bloomberg.net, David Whitehouse

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