France Announces Plans to Cut Spending and Reduce Deficit
- France wants to reduce government spending on office space and may sell real estate to cut deficit
- Plans to review unemployment benefits for seniors to help reduce unemployment rate from 7% to 5%
- Aims to cut office space used by administration by 25%
- Government seeking 12 billion euros more spending cuts for 2025 budget
- Deficit targets remain at 4.4% of GDP in 2024 and 3.7% in 2025