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French to cut 50 billion euros in public spending

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PARIS (AP) - French President Francois Hollande is promising to cut 50 billion euros ($68 billion) in public spending over the years 2015-2017 to try to improve public finances. Hollande, a Socialist, came to office in 2012 on pledges to avoid the painful austerity measures carried out by neighboring Spain and Italy. Reported by MyNorthwest.com 9 hours ago.

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