The French government has announced that it will cut €12 billion from the budget over an unspecified period. It emphasized that it was not forced into this austerity, but chose to act prudently, unlike “Italy, Spain and Portugal, not to mention Greece”.
Meanwhile, Portugal has decided to tackle its fiscal crisis by levying a temporary tax of 3% on the richest people in the country.
In other news, the Shi’ite terror group Hezbollah has reaffirmed its support for the Syrian regime’s crackdown on civil unrest.
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