Pay attention this is how it works.
French lawmakers Thursday backed a series of measures abolishing tax breaks and taxing the wealthy as the new Socialist government pursued efforts to kickstart the economy with a tax-and-spend programme.
Lawmakers later voted to back an emergency rise in the ISF wealth tax applying to taxpayers with a net worth of more than 1.3 million euros ($1.6 million) and which is expected to bring in an extra 2.3 billion euros in revenues this year.
How dare they actually side with the people! Heh the government made promises and this is how you back those promises
Frog version; Get control and say something that sounds good to the masses. Have it reported around the world that you're a stand up bunch...blah,blah,blah...
France has made commitments to the European Union to reduce its budget deficit from 5.2 percent of GDP last year to 4.5 percent this year, aiming to get down to the EU limit of three percent in 2013 and to balance the budget in 2017.
Oh sorry it's still austerity just in different language.
The government is hoping that investment in infrastructure and job creation will reboot France’s stagnant economy, which is expected to have suffered a slight contraction in the second quarter.
Meh not such a hard line after all. American reporters think and report this is drastic when in reality these are half measures being taken and only accepted when your paying off the hostage takers. France has no choice but to act as if they are "taking measures". If capitalism worked as it's advertised we all would eat well tonight.