France slashes defence budget

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New six-year defence budget details more than 30,000 defence posts to be axed and orders for jet fighters and other equipment reduced or delayed.

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France is to cut more than 30,000 defence posts and reduce or delay orders for jet fighters and other equipment as the socialist government seeks to balance the need for stringent spending cuts with a bid to sustain the country’s role as a big military power, reports The Financial Times.