Use budget savings to finance tax breaks says French minister

Arnaud Montebourg, an outspoken critic of austerity, also attacked EU policies and said European Central Bank should do more to help growth.

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The French government should use a third of the 50 billion euros ($68.20 billion) in budget savings planned over the next three years to finance tax cuts for households, Economy Minister Arnaud Montebourg said on Thursday, reports Reuters.