The bulk of France's debt reducing drive must come from spending cuts but that tax increases will also be required, notably if they target wealthy tax payers and large companies, French central bank chief Francois Villeroy de Galhau said on Wednesday.
Villeroy told BFM TV that he recommended a balance of 75% coming from savings and 25% from higher taxes.
Reuters
Tax hikes should be part of French debt reduction drive, central bank chief Villeroy says
Image: REUTERS/Massimo Pinca/File Photo
The bulk of France's debt reducing drive must come from spending cuts but that tax increases will also be required, notably if they target wealthy tax payers and large companies, French central bank chief Francois Villeroy de Galhau said on Wednesday.
Villeroy told BFM TV that he recommended a balance of 75% coming from savings and 25% from higher taxes.
Reuters
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
News and promos in your inbox
subscribeMost read
Latest Videos