In a bold statement on national television, French President Francois Hollande declared that he would turn around the currently moribund domestic economy in the next two years, with a €30 billion austerity plan as part of his remedy to combat criticism that the socialist leader has been too conservative.  The plan comprises of a inflation adjusted savings of €10 billion from holding down state spending next year, albeit in nominal terms, excluding state pensions and the cost of...

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