France to cut spending for first time since 1958

Prime minister Ayrault said it was the first time that a government had proposed such a reduction to Parliament, adding it was a 'structural effort'.

Reading articles is for subscribers only. Subscribe now.

French government spending will fall next year for the first time since 1958, Prime Minister Jean-Marc Ayrault said Tuesday, as the country begins shifting the austerity effort away from tax hikes, reports GlobalPost.