France intends to slash 45 billion euros (USD55 billion) in public spending in the next three years. The austerity measure seeks to limit France’s public deficit to 3 percent of the gross domestic product by 2013, AFP reports.

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.