France is tightening its belt… a little. Defense pays… a lot
(BRUSSELS2) The outcome is not in doubt. The European Commission will announce economic forecasts which will not meet French expectations. Growth is sluggish. And the 3% deficit target cannot be kept. The French government has therefore decided to put the booster in and cut the budget. According to Echoes, it is the Ministry of Defense which will pay the maximum of the painful: 384 million euros will thus be frozen in 2012. But the Ministries of the Economy and that of Education are also called to the rescue, respectively 305 million and 250 million euros.