France's Valls wins parliament backing for tax and spend shake-up

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Premier Manuel Valls says Euro is too strong, unveils tax cuts for less well-off and pledges to defend France's social model despite spending cuts.

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New Prime Minister Manuel Valls won a vote of confidence in parliament on Tuesday after unveiling planned tax and public spending cuts, vowing to bring France's public deficit down while resisting outright austerity, reports Reuters.

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