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L'Express - France | Monday, September 8, 2014

Massive cuts France's only hope

The French government will announce its budget policy for 2015 on Wednesday. If it wants to escape the fate of Greece the country has no option but to cut back by billions and raise taxes, Jacques Attali warns in his blog for the weekly magazine L'Express: "If it doesn't, France will be - along with Italy - the only European country that refuses to reform. The only country whose population is headed straight for bankruptcy and ruin. The only country deservedly treated by its European partners as a 'pretentious grasshopper' [as in the fable of the ant and the grasshopper], as a heedless coward and the gravedigger of the EU. The Union could (should, even, if it applies the treaties) put our country under supervision and send in representatives to balance the budget for us, like they did in Greece and Portugal. Just as you do with anyone who can't manage his own finances."

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